May 24, 2018 - 1:45 pm
Taxicab ridership and revenue continued to plummet last month in Southern Nevada, according to figures released this week.
More than 1.54 million taxi trips were reported in April, a 8.8 percent drop from the same period in 2017, the Nevada Taxicab Authority reported.
The region’s 16 certified taxicab companies reported a combined $27.2 million in revenue last month, down 10.2 percent from April 2017.
Year-to-date, 6.17 million taxi trips were logged during the first four months of 2018, down 12.8 percent from the same period last year. During that time, revenues were down 14 percent at $98 million.
The local taxicab industry has reported monthly declines in revenue and ridership ever since so-called transportation network companies such as Uber and Lyft were legally allowed to operate in Southern Nevada in September 2015.