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Regulatory reform of the taxi industry is long overdue

If the events of the last several months are any indication, Uber’s future is not as certain as public sentiment might have suggested a year ago. But even though the company has taken hits on a number of fronts, Uber and other transportation network companies (TNCs) will continue to have the upper hand in the ride-for-hire market unless a number of restrictions on taxis are eliminated. 2017 has been a year of endless public relations nightmares for Uber. Beyond scandals and hits to the firm’s image, trouble has also been brewing on the financial front. The ride-hailing company has been hemorrhaging money in its battle with competitors to be consumers’ top TNC option. In 2016 the transportation giant incurred annual […]