Markets

Cabcharge has gone into the red

Cabcharge posted a full year loss of $90.55 million as the taxi payment company restructures to meet industry disruption from nimble technology-led players. Revenue was down 10% to $151.9 million and underlying net profit after tax from continuing operations was $21.3 million. “Cabcharge is now a reset business,” says CEO […]
Cabcharge has gone into the red
Tech

Sydney taxis will be allowed to switch off their meters to compete with Uber

The New South Wales government is set to roll out fare deregulation that will see taxis in Sydney allowed to switch off their meters in order to bid for customers against newer competitors like Uber. The Australian reports the first-ever NSW point-to-point transport commissioner Barbara Wise is currently working on […]
Sydney taxis will be allowed to switch off their meters to compete with Uber