Luxor Cab sold to competitor, will merge into consolidated Yellow Cab company

By Joe Fitzgerald Rodriguez : sfexminer – excerpt

Another major taxi company has been sold in The City, and will soon become part of a taxi consolidation that hopes to boost the industry citywide.

Formed in 1928, Luxor Cab Co. was officially enshrined in San Francisco’s historical lexicon as a legacy business in 2016. Now, one of its competitors, Citywide Taxi, is in the process of purchasing the assets of the historic company in a bid to reclaim some of the business lost to tech rivals Uber and Lyft, leadership at both companies confirmed to the San Francisco Examiner…

The merger would solidify Yellow Cab’s position as the largest taxi company in San Francisco. The next largest competitor, Flywheel Taxi, has a fleet of 239 cabs, according to the SFMTA.

(more)

The history of taxis in San Francisco should make for interesting reading someday. We need to see a complete review and history of the disastrous medallion program, including, who suggested it, who promoted to it, and who approved it.

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