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Tag: taxi pricing

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

It will instead adopt a flat fare structure. Authorities recently gave a go-ahead for taxi operators to introduce dynamic pricing for trips booked through mobile applications. ComfortDelGro has chosen not to introduce such scheme for now, and will instead adopt a flat fare structure for mobile bookings. According to a report from UOB KayHian, the […]

Slow start for taxi surge-pricing option, JustGrab | The Straits Times

Slow start for taxi surge-pricing option, JustGrab | The Straits Times

“I was surprised to see an SMRT cab pick me up because it’s usually private cars that come. I think surge pricing is going to become an inevitable part of the industry as consumers enjoy knowing the price of their ride upfront,” said the 44-year-old who usually books a private-hire car under Grab. Under JustGrab, […]

Brokers’ take | The New Paper

Brokers’ take | The New Paper

After numerous taxi companies, including ComfortDelGro (CDG), earlier this year submitted plans to the Public Transport Council (PTC) as they seek to introduce dynamic pricing of taxi fares (i.e. flat fee structure with no surcharges that is similar to the private hire cars’ fare structure), PTC and Singapore’s Land Transport Authority (LTA) on March 17 […]

The good and bad of dynamic pricing | TODAYonline

The good and bad of dynamic pricing | TODAYonline

Last week, ride-hailing platform Grab announced that it would partner five taxi companies (SMRT, Premier, Trans-Cab, HDT Singapore Taxi and Prime) to introduce dynamic pricing for taxi rides booked through the app. This came after the taxi firms informed the Public Transport Council a few weeks ago of their plans to introduce fares that fluctuate […]

Dynamic pricing: Taxi data must be more transparent | TODAYonline

Dynamic pricing: Taxi data must be more transparent | TODAYonline

For commuters, dynamic taxi pricing is a mixed blessing: A greater chance of getting a taxi during rush hour but at a higher fare (Surge pricing: Taxis should also offer competitive fares; March 20). The taxi companies think this is a way to match demand with supply and to incentivise their drivers. So far, no […]

Grab to implement dynamic pricing starting from 29 March | The Online Citizen

Grab to implement dynamic pricing starting from 29 March | The Online Citizen

Ride-hailing application provider Grab has announced that it will implement dynamic pricing, JustGrab, starting from next Wednesday (29 March), following approval granted by the transport authorities last week. The new system will be put on trial starting from today among Grab employees and commuters on its rewards programme. The move means that commuters who book […]

The dynamic pricing conundrum | The New Paper

The dynamic pricing conundrum | The New Paper

Four taxi companies are expected to roll out a “dynamic pricing” option later this week, a pricing mechanism used by private-hire services Uber and GrabCar. ComfortDelGro said it will hold off dynamic pricing for the moment and Prime has not given a firm indication of whether it will introduce such a system. While flat charges […]

No surge pricing now, but a flat-fare structure similar to metered fares soon: ComfortDelGro, Transport | THE BUSINESS TIMES

No surge pricing now, but a flat-fare structure similar to metered fares soon: ComfortDelGro, Transport | THE BUSINESS TIMES

THERE will be no surge pricing for now, but a flat-fare option based on current fare structures will be introduced in two to three weeks’ time for the mobile app users of Singapore’s largest taxi company, ComfortDelGro. This comes even as Singapore’s third-largest taxi company, SMRT, said that it will be introducing surge pricing, which […]

“Dynamic Pricing” System for Taxis | REACH

“Dynamic Pricing” System for Taxis | REACH

The Land Transport Authority (LTA) and Public Transport Council (PTC) in a joint statement today (17 Mar) announced that taxi companies will be implementing a new “dynamic pricing” system (i.e. surge pricing) in which fares will vary according to passenger demand. The proposal for such a system was put forth by cab operators. This new […]

Dynamic-pricing option for taxi operators approved | TODAYonline

Dynamic-pricing option for taxi operators approved | TODAYonline

The new surge pricing model will complement the existing metered-fare model for commuters SINGAPORE — Paving the way for a sea change in how demand for taxis will be met during peak hours, the Public Transport Council (PTC) and Land Transport Authority (LTA) on Friday (March 17) gave several traditional taxi operators the green light […]