Uber, Lyft Driver Shortage Boosts Business for New York’s Taxis
- Yellow cab trips grew more than 800% year-over-year in April
- Uber and Lyft fares are rising and wait times lengthening
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New York’s yellow cabs are making a comeback.
A driver shortage at Uber Technologies Inc. and Lyft Inc. has left city riders frustrated with high fares and long wait times, leading many to step off the curb and raise a hand.