Livery cabs squeezed in ride-hail app boom

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The New York Taxi Workers Alliance is asking officials for new regulation of the number of ride-share services, which are hurting New York City’s cab drivers. (AFP)
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Fidel Farrell in his office at Super Class Radio Dispatch in the Bronx borough of New York. In low-income neighborhoods with no yellow cabs and sparse public transportation, residents who lack smart phones or credit cards have relied on livery cab companies, but the business is rapidly dwindling. (AP)
Updated 30 November 2019
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Livery cabs squeezed in ride-hail app boom

  • Businesses are struggling as Uber and Lyft cut into their earnings

NEW YORK: As a livery cab driver in the Bronx for more than a decade, Orlando Lantigua knows some of his customers well. If they don’t have money to pay today, they can pay him later. He often gets dispatched by his base station to pick up children and take them to school, without their parents in the car.

“That’s how much parents trust the base. We are part of the community,” says Lantigua, a 58-year-old Dominican immigrant who lives in the Bronx.

In the outer boroughs and low-income New York neighborhoods — where yellow cabs rarely go and public transportation is sometimes sparse — residents who lack smart phones or credit cards have relied on livery cabs for generations.

But the businesses, many times owned by Latino immigrants, are dwindling rapidly: There were nearly 22,000 livery cabs in New York in 2015, and there are about 9,600 now, according to the city’s Taxi and Limousine Commission.

More than 100 livery cab bases have closed their doors since 2015, when ride-hailing apps such as Uber and Lyft began to provide a large number of trips, cutting into their business. This year alone, 46 have shut down. 

By law, livery cabs, which are also often used for airport trips, cannot be hailed in the street but are authorized to pick up paying passengers when booked by phone.

“We are in a serious crisis,” says Cira Angeles, spokeswoman for the Livery Base Owners Association.

Lantigua said that he earns less each year and spends more on complying with fees and rules.

In 2018, the City Council agreed to cap the number of vehicle licenses for ride-hailing services to reduce traffic congestion and increase drivers’ salary in the wake of the explosive growth of for-hire vehicles.

But that measure, aimed at giants such as Uber, has inadvertently pummeled livery cab companies, which are now asking to be exempt from the cap and be given their own specialized license, claiming that the city needs to look at them individually instead of coming up with a one-size-fits-all solution that is putting them on the path to extinction.

Because of the cap, they say, they cannot replace drivers who retire or who cannot renew their licenses due to pending tickets. Super Class Radio Dispatch, which Lantigua drives for, had more than 250 drivers about five years ago, according to Fidel Farrell, one of the base’s owners. Now it has about 175.

“Our communities are suffering, we are losing our livelihoods because of blanket approach policies,” said Angeles. Some residents in places such as Washington Heights, a heavily Latino neighborhood in upper Manhattan, prefer to be transported by “the guy in the corner they have known for years,” she said.

Customers of livery cabs are also used to calling a number and speaking with a dispatcher — often a multilingual one.

“For me, they are important,” said Silvia Mat, a 71-year-old Dominican immigrant and Bronx resident while walking her dog recently. “It would be a sad thing to see them go and a sad thing to see drivers without jobs.”

Allan Fromberg, the Taxi and Limousine Commission’s deputy commissioner for public affairs, said discussion of a new livery license class “has only just begun”.

William Heinzen, TLC’s acting commissioner, acknowledged recently during a hearing in City Hall that livery cabs are in a tight spot but explained that they are exempt from some of the new regulations that affect ride-hailing apps, like a cap on how long they can cruise without a fare in Manhattan’s congested areas and requirements for collecting data on their rides. 

Heinzen said that he supports the concept of a Livery Task Force, which would analyze the issue, and said the TLC has reduced many penalties for drivers.

Ydanis Rodríguez, chairman of the City Council’s Transportation Committee and a former livery cab driver, is asking the city, among other things, to eliminate driver’s debt associated with penalties.

“We have to treat this industry with respect and dignity because it is key for the immigrants who live here,” he said.

Alix Anfang, a spokeswoman for Uber, said the company does not favor a special license for community cabs.

“While we agree that Mayor (Bill) de Blasio’s regulations are hurting drivers across the city, this proposal would limit drivers’ choice by ending their ability to partner with various bases and companies,” she said. Many livery cab drivers also work for ride-hailing apps.

Antonio Rosario, who has been driving livery cabs for more than 20 years, wishes the city would allow drivers like him to offer rides to people who hail them on the street because calls to livery bases are dwindling.

“There is too much competition,” he said.

But the TLC says street hails pose a public safety problem. Right now, only yellow taxis can be hailed in Manhattan. A special class of green taxis can take street hails in the city’s other boroughs — and they are often affiliated with livery cab bases so do not cut into their business.

Despite their struggles, livery cabs remain an integral part of Latino neighborhoods, said Angeles, of the Livery Base Owners Association.

“This is how the Latino community works. We go to the bodega store, we go to the restaurant in the neighborhood, and we also go to the livery base because it is open 24 hours,” she said. “It protects the community.”


Open Forum Riyadh to discuss digital currency, AI, and mental health

Updated 26 April 2024
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Open Forum Riyadh to discuss digital currency, AI, and mental health

  • The event will run in parallel to the WEF’s Special Meeting on Global Collaboration

LONDON: The Open Forum Riyadh — a series of public sessions taking place in the Saudi capital on Sunday and Monday — will “spotlight global challenges and opportunities,” according to the organizers.

The event, a collaboration between the World Economic Forum and the Saudi Ministry of Economy and Planning, will run in parallel to the WEF’s Special Meeting on Global Collaboration, Growth and Energy for Development, taking place in Riyadh on April 28 and 29.

“Under Saudi Vision 2030, Riyadh has become a global capital for thought leadership, action and solutions, fostering the exchange of knowledge and innovative ideas,” Faisal F. Alibrahim, Saudi minister of economy and planning, said in a press release, adding that this year’s Open Forum being hosted in Riyadh “is a testament to the city’s growing influence and role on the international stage.”

The forum is open to the public and “aims to facilitate dialogue between thought leaders and the broader public on a range of topics, including environmental challenges, mental health, digital currencies, artificial intelligence, the role of the arts in society, modern-day entrepreneurship, and smart cities,” according to a statement.

The agenda includes sessions addressing the impact of digital currencies in the Middle East, the role of culture in public diplomacy, urban development for smart cities, and actions to enhance mental wellbeing worldwide.

The annual Open Forum was established in 2003 with the goal of enabling a broader audience to participate in the activities of the WEF, and has been hosted in several different countries, including Cambodia, India, Jordan and Vietnam.

The panels will feature government officials, artists, civil-society leaders, entrepreneurs, and CEOs of multinationals.

This year’s speakers include Yazeed A. Al-Humied, deputy governor and head of MENA investments at the Saudi Pubic Investment Fund; Princess Reema Bandar Al-Saud, Saudi Arabia’s ambassador to the US; and Princess Beatrice, founder of the Big Change Charitable Trust and a member of the British royal family.

Michele Mischler, head of Swiss public affairs and sustainability at the WEF, said in a press release that the participation of the public in Open Forum sessions “fosters diverse perspectives, enriches global dialogue, and empowers collective solutions for a more inclusive and sustainable future.”


Meituan looks to hire in Saudi Arabia, indicating food delivery expansion

Updated 26 April 2024
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Meituan looks to hire in Saudi Arabia, indicating food delivery expansion

SHANGHAI: Chinese food delivery giant Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign it may be looking to Saudi Arabia to further its global expansion ambitions, according to Reuters.

The jobs ads, which is hiring for KeeTa, the brand name Meituan uses for its food delivery operations in Hong Kong, is seeking candidates with expertise in business development, user acquisition, and customer retention, according to posts seen by Reuters on Linkedin and on Middle Eastern jobs site Bayt.com.

Meituan did not immediately respond to a request for comment by Reuters on its plans for Saudi expansion.

Bloomberg reported earlier on Friday that the Beijing-based firm would make its Middle East debut with Riyadh as the first stop.

Since expanding to Hong Kong in May 2023, Meituan’s first foray outside of mainland China, speculation has persisted that its overseas march would continue as the firm searches for growth opportunities, with the Middle East rumored since last year to be one area of possible expansion.

“We are actively evaluating opportunities in other markets,“ Meituan CEO Wang Xing said during a post-earnings call with analysts last month.

“We have the tech know-how and operational know-how, so we are quietly confident we can enter a new market and find an approach that works for consumers there.” 


IMF opens first MENA office in Riyadh

Updated 26 April 2024
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IMF opens first MENA office in Riyadh

RIYADH: The International Monetary Fund has opened its first office the Middle East and North Africa region in Riyadh.

The office was launched during the Joint Regional Conference on Industrial Policy for Diversification, jointly organized by the IMF and the Ministry of Finance, on April 24.

The new office aims to strengthen capacity building, regional surveillance, and outreach to foster stability, growth, and regional integration, thereby promoting partnerships in the Middle East and beyond, according to the Saudi Press Agency.

Additionally, the office will facilitate closer collaboration between the IMF and regional institutions, governments, and other stakeholders, the SPA report noted, adding that the IMF expressed its appreciation to Saudi Arabia for its financial contribution aimed at enhancing capacity development in its member countries, including fragile states.

Abdoul Aziz Wane, a seasoned IMF director with an extensive understanding of the institution and a broad network of policymakers and academics worldwide, will serve as the first director of the Riyadh office.

 


Saudi minister to deliver keynote speech at Automechanika Riyadh conference

Updated 26 April 2024
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Saudi minister to deliver keynote speech at Automechanika Riyadh conference

RIYADH: Saudi Arabia’s Deputy Minister of Investment Transaction Saleh Al-Khabti is set to deliver the keynote speech at a global automotive aftermarket industry conference in Riyadh.

Set to be held from April 30 April to May 2 in the Saudi capital’s International Convention and Exhibition Center, Automechanika Riyadh will welcome more than 340 exhibitors from over 25 countries.

Al-Khabti will make the marquee address on the first day of the event, which will also see participation from Aftab Ahmed, chief advisor for the Automotive Cluster at the National Industrial Development Centre, Ministry of Industry and Mineral Resources.

Saudi Arabia’s automotive sector is undergoing a transformation, with the Kingdom’s Public Investment Fund becoming the major shareholder in US-based electric vehicle manufacturer Lucid, and also striking a deal with Hyundai to collaborate on the construction of a $500 million-manufacturing facility.

Alongside this, Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s first electric vehicle brand in November 2022.

Commenting on the upcoming trade show, Bilal Al-Barmawi, CEO and founder of 1st Arabia Trade Shows & Conferences, said: “It is a great honor for Automechanika Riyadh to be held under the patronage of the Saudi Arabian Ministry of Investment, and we’re grateful for their continued support as the event goes from strength-to-strength.

“The insights and support we’ve already received have been invaluable, and we look forward to continuing this relationship throughout the event and beyond.”

This edition of Automechanika Riyadh will feature seven product focus areas, including parts and components, tyres and batteries, and oils and lubricants.

Accessories and customizing, diagnostics and repairs, and body and paint will also be discussed, as well as care and wash. 

Aly Hefny, show manager for Automechanika Riyadh, Messe Frankfurt Middle East, said: “The caliber of speakers confirmed to take part at Automechanika Riyadh is a testament to the event’s growth and prominence within the regional automotive market.

“We have developed a show that goes beyond the norm by providing a platform that supports knowledge sharing and networking while promoting the opportunity to engage with key industry experts and hear the latest developments, trends and innovations changing the dynamics of the automotive sector.”


Aramco-backed S-Oil expects Q2 refining margins to remain steady then trend upward

Updated 26 April 2024
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Aramco-backed S-Oil expects Q2 refining margins to remain steady then trend upward

SEOUL: South Korea’s S-Oil forecast on Friday that second-quarter refining margins will be steady, supported by regular maintenance in the region, then trend upward in tandem with higher demand as the summer season gets underway, according to Reuters.

Over the January-March period, the refiner said it operated the crude distillation units  at its 669,000-barrel-per-day oil refinery in the southeastern city of Ulsan at 91.9 percent of capacity, compared with 94 percent in October-December.

S-Oil, whose main shareholder is Saudi Aramco, plans to shut its No. 1 crude distillation unit sometime this year for maintenance, the company said in an earnings presentation, without specifying the time.