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Tag: taxi pricing

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 […]

No surging towards dynamic pricing | The Straits Times

No surging towards dynamic pricing | The Straits Times

The surge of interest in dynamic pricing among taxi operators is a natural response to the growing competition from private-hire cars. Transport network companies based on technology, like Uber and Grab, have changed the game by taking cheaper fares during off-peak hours and higher fares when demand exceeds supply, for example during the rush hour. […]

Older cabbies not keen on surge pricing | The New Paper

Older cabbies not keen on surge pricing | The New Paper

The likely introduction of surge pricing for taxis has not gone down well with older cabbies. Most of those who spoke to The New Paper were apprehensive about the pricing system and the technology involved. Mr Chia Chiong Soon, 70, a cabby of 20 years, said: “Why must we make things so complicated? Older people […]

Taxi companies’ dynamic pricing should improve matching of supply to demand: Ng Chee Meng | The Straits Times

Taxi companies’ dynamic pricing should improve matching of supply to demand: Ng Chee Meng | The Straits Times

SINGAPORE – Taxi companies should ensure that dynamic pricing improves and not worsens the matching of supply to demand of taxi services, said Second Minister for Transport Ng Chee Meng in a Facebook post on Monday (March 6). Mr Ng’s remarks come in the wake of several taxi companies’ plans to introduce dynamic pricing for […]

ComfortDelGro is third taxi firm with plans to introduce surge pricing | The Straits Times

ComfortDelGro is third taxi firm with plans to introduce surge pricing | The Straits Times

ComfortDelGro had earlier said it wanted to introduce dynamic pricing – popularly known as surge pricing because fares can skyrocket to five times the usual rate – for some time now, but it was “not allowed” to.   Taxi fares in Singapore have been deregulated since 1998, but the industry operates under an unspoken understanding […]

In video, Uber CEO speaks openly about impact of competitors on pricing | TechCrunch

In video, Uber CEO speaks openly about impact of competitors on pricing | TechCrunch

You can check out the full clip below to see what transpires, and why Kalanick might have been caught off guard. Kalanick initiates the exchange by talking work with Kamel, noting to him that, “We’re reducing the number of Black cars over the next six months. You probably saw the email.” “I saw the email, starts […]

Two taxi firms plan to use surge pricing, Latest Singapore News | The New Paper

Two taxi firms plan to use surge pricing, Latest Singapore News | The New Paper

Some taxi fares could soon fluctuate according to actual demand for cabs. Two taxi operators are planning to implement dynamic fares, popularly known as surge pricing, with a third looking to join the fray. Trans-Cab, Singapore’s second largest operator with 4,566 taxis, and Premier Taxi, the second smallest with 1,889 cabs, said they had informed […]