12/1/2021· Transportation
Transportation Network Companies - Even Worse Than Expected
By: Ned Einstein
The “Bad Regulations” series noted above identified a litany of institutional and industry-wide failures to stop the incursion of TNC’s from gutting the taxicab industry. Alongside the successful decimation of that sector, and the near-collapse of tour and charter service caused by the COVID-19 (and our failures to mitigate it), few noticed that fixed route transit ridership had declined by roughly 10 percent during the two years preceding COVID-19.