For-hire vehicle license cap extended

Name: For-hire vehicle license cap extended
Uploaded: 2019-06-12T21:06:00+00:00
Duration: 1 min 56 s
Description: The growth of ride-hailing companies, such as Uber and Lyft, is at a standstill in New York City. And it will stay that way. Mayor Bill de Blasio announced that the cap on for-hire vehicle licenses will be renewed from another year. He also said that the TLC will also limit how much time for-hire vehicles can spend cruising the streets of Manhattan without passengers.

The growth of ride-hailing companies, such as Uber and Lyft, is at a standstill in New York City. And it will stay that way. Mayor Bill de Blasio announced that the cap on for-hire vehicle licenses will be renewed from another year. He also said that the TLC will also limit how much time for-hire vehicles can spend cruising the streets of Manhattan without passengers.

Posted June 12, 2019 5:36pm EDT