Woe betide the Cabbie:
New York City taxi pickups have fallen 10% in the first half of the year, and cabbies are pointing the finger straight at Uber and other ride-sharing companies as the cause of their problem. Nolan Hicks and Dan Rivoli write in the New York Daily News:
Pickups for the iconic taxis that long ruled Manhattan streets plummeted 10% to 77 million in the first six months of 2015 — down from 85.5 million the year before, a Daily News analysis of trip data showed.
Fewer riders for the fleet of 13,587 yellow cabs translated into less cash.
The taxis collected $981 million through June of this year, a 7% drop compared with the $1.06 billion raked in over the same period last year.