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Taxi Frankfurt eG Explores Future Amidst Declining Profits and Uber Pressure

Uber's arrival in Frankfurt is putting pressure on traditional taxi services. Taxi Frankfurt eG is exploring its future amidst declining profits and rising costs.

In this image we can see a road. On which there are many vehicles. In the background of the image...
In this image we can see a road. On which there are many vehicles. In the background of the image there are three, electric poles,sky. To the right side of the image there is a traffic signal.

Taxi Frankfurt eG Explores Future Amidst Declining Profits and Uber Pressure

Taxi Frankfurt eG, one of Germany's largest taxi cooperatives with around 1,600 vehicles, is exploring future options amidst declining profits and rising costs. The company, which includes Thomas Kanzler Taxi Frankfurt eG, is discussing these matters at its general assembly. Meanwhile, the growing presence of Uber and other ride-hailing services is putting pressure on established taxi structures in Frankfurt.

Uber, through its Uber Eats service, has been operating in Frankfurt since late last year, offering fixed-price rides via its app. This has led to speculation about a potential sale of Taxi Frankfurt eG, although no immediate decision has been made and no specific buyers have been mentioned. Despite these rumors, Taxi Frankfurt eG reassures customers that it remains committed to sustainability and will continue to be available.

The city of Frankfurt has signed a pact with platform operators like Uber, Bolt, and FreeNow to better regulate the market and limit illegal rides. Taxi operators have varying opinions on these new mediation forms. Some see them as additional income, while others express concern about the importance of their cooperatives.

Taxi Frankfurt eG is actively exploring future-oriented options to navigate declining profits and rising costs. While rumors of a potential sale circulate, the company remains focused on sustainability and customer service. The city of Frankfurt is working to better organize the market, with taxi operators holding mixed views on the impact of new mediation platforms.

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