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The taxicabs of the United States make up a mature system; most U.S. cities have a licensing scheme which restricts the number of taxicabs allowed. As of 2012 the total number of taxi cab drivers in the United States is 233,900; the average annual salary of a taxi cab driver is $22,820 and the expected percent job increase over the next 10 years is 16%.
Taxicab vehicles, each of which must have a medallion to operate, are driven an average of 180 miles (290 km) per shift. The average total number of annual taxi passengers is 241 million. [ 111 ] By July 2016, that number had dropped slightly to 13,587 medallions, or 18 lower than the 2014 total. [ 112 ]
Taximeter. A taximeter or fare meter is a mechanical or electronic device installed in taxicabs and auto rickshaws that calculates passenger fares based on a combination of distance travelled and waiting time. Its shortened form, "taxi", is also a metonym for the hired cars that use them. [1][2]
Taxi fares are set by the state and city where they are permitted to operate. The fare includes the 'drop', a set amount that is tallied for getting into the taxi plus the 'per kilometer' rate as has been set by the city. The taxi meters track time as well as distance in an average taxi fare.
A taxi medallion, also known as a CPNC (Certificate of Public Necessity and Convenience), is a transferable permit in the United States allowing a taxicab to operate. Several major cities in the US use these in their taxi licensing systems, including New York City , Boston , Chicago , Philadelphia , and San Francisco .
From 14 July 2024 onwards, the flag fall – including the fare for the first two kilometres – is HK$29 for red taxis, HK$25.50 for green taxis and HK$24 for the blue Lantau cabs; thereafter, the meter adds HK$2.10 for every 200 metres travelled for Urban Taxis and HK$1.90 for New Territories Taxis and Lantau Taxis.
Farebox recovery ratio. The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses.
Hyundai Sonata taxicab in South Korea. Kia K5 taxicab in South Korea. There is an extensive taxicab system, with about 70,000 taxis in Seoul alone. [17] Altogether there are about 250,000 taxis in the whole of the country. [18] In cities such as Seoul and Busan, taxicabs are very common.