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Taxi companies report steep declines in ridership, revenue in July

Updated August 23, 2017 - 3:11 pm

Southern Nevada’s taxicab companies continued to report severe declines in ridership and revenue last month, according to figures released Wednesday.

More than 1.76 million taxi trips were reported in July, a 10.8 percent drop from the same period in 2016, the Nevada Taxicab Authority reported. The region’s 16 certified taxicab companies reported a combined $27.4 million in revenue last month, down 11.3 percent from July 2016.

Year-to-date, 12.33 million trips were reported during the first seven months of 2017, a 13.28 percent decline from the same period last year, the Taxicab Authority reported. Through July, the cab companies reported a combined $196.6 million in revenue this year, down nearly 13.5 percent from the first seven months of 2016.

Taxicab Authority officials have attributed the declines to increased use of ride-hailing companies among passengers.

Contact Art Marroquin at amarroquin@reviewjournal.com or 702-383-0336. Find @AMarroquin_LV on Twitter.

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