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Taxi companies report steep declines in ridership, revenue

Southern Nevada’s taxicab companies once again reported steep declines in ridership and revenue last month, according to figures released Friday.

More than 1.65 million taxi trips were reported in August, a 13 percent drop from the same period in 2016, the Nevada Taxicab Authority reported. The region’s 16 certified taxicab companies reported a combined $26.2 million in revenue last month, down 12.3 percent from August 2016.

Year-to-date, 13.98 million trips were reported during the first eight months of 2017, a 13.25 percent decline from the same period last year, the Taxicab Authority reported. Through August, the cab companies reported a combined $225.1 million in revenue this year, down 13.3 percent from the first eight 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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