Late last month, the Observer ran three stories chronicling the shocking and rapid decline of the traditional taxi model. That’s where owners buy the right to pick up street hails anywhere (including the airports) without a prior reservation and charge a metered rate to get from Point A to Point B. The number of vehicles allowed to do so is limited by the city, which issues medallions or “tins,” with the idea being that if there are too few, no one can find a ride and if there are too many, drivers can’t make a living because they’re aren’t enough fares.

Click here to read more

“It’s a genius way to start a business nowadays, especially because nobody’s doing it.”

 The man sitting beside me is sharing the most insightful business advice I’ve heard lately. His ideas are as unconventional as the location of our conversation. We’re not in a coffee shop or a corner office. We’re in an Uber and he’s my driver.

Click here to read more

We’ve talked to investors about why they think Lyft can succeed despite operating in the same market as ride-hailing juggernaut Uber, but we finally have some numbers to back up those claims.

In short, Lyft expects to double its revenue between this year and 2016 and become profitable by next year — even though its revenue projections are about one-eighth the size of Uber’s rumored projections for this year.

Click here to read more

The rapidly growing technology company Uber released internal data on Thursday arguing that drivers who use the app to give rides-for-hire in their personal cars are making more money as chauffeurs than professional taxi drivers do — as much as $17 an hour in the District and Los Angeles, $23 in San Francisco and $30 in New York.

Click here to read more

Guess what?  Neck pillows are #1 on the list!

People spend a lot of money while waiting for their flights. In 2009, travelers spent $1.4 billion on airport food and gift items, reports USA Today.

Click here to read more