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Tag: taxi pricing

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 […]

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 […]