TLC to Announce Formal 6 Month Extension of FHV License Pause Tomorrow (MarketWatch)
With anger among taxi drivers hitting a breaking point, the TLC is planning to formally announce a six-month extension on new licenses for for-hire vehicles
Photo Credit: Max Bender
MarketWatch, a Dow Jones Company, citing unnamed sources writes that the TLC is expected to announce a 6 month extension to the FHV license pause, as soon as Friday.
“With anger among taxi drivers hitting a breaking point, the Taxi and Limousine Commission (TLC) planned to announce a six-month pause on new licenses for for-hire vehicles, a move that could stem the tide of new competition, including from disrupters Lyft and Uber. A formal announcement is expected on Friday. “
An update on the license pause would be in line with TLC’s guidance of making formal bi-annual decisions related to the FHV license cap, commonly referred to as the TLC Plate Cap.
Link to full story.
The TLCMKT Newsletter is written by Dawood Mian, Founder & CEO of TLCMKT. I cover the NYC ridehailing industry and related news. Search TLCMKT for TLC cars, parts, service, accessories, reviews & more. Find great deals at TLCMKT.COM.
Shame on you commission. People do street pickups and you guys do nothing about that but pick on some innocent drivers if they do some mistakes. There should be some criteria with zero tolerance and some not. But nope. You guys won’t do that anything that helps driver besides your own profit. Sorry for your pity asses. But still going to say may god bless y’all
They will definitely extend tlc plates cap ban for another 6 months. But rental companies and corporations still adding new vehicles and plates with them. Seems so weird but true. It’s all about money and power. Money talks money walks. But who pay the price us being drivers and forced to rent out of those tlc rental places while we can have our plates and save more and work less but nope. They won’t do that cause TLC will loose their % coming from those rental companies