Rise Of Rideshare, Downfall Of Cabs.
If you're visiting Las Vegas this year you may have to order an Uber or Lyft after all. Unless a buyer steps forward, Frias Transportation Management will close March 13th, 2019, ending a 50 year endeavor that officially started back in 1961 with operations that began as early as 1958.
Frias operates five taxi names; Ace Cab, Union Cab, Vegas Western Cab, ANLV Cab and Virgin Valley Cab.
As recent as November of 2017, Frias laid off about 160 drivers when the company discontinued its airport shuttle and limousine service, suggesting in a news release that rideshare companies (Uber and Lyft) were having a significant effect on business. According to Nevada Taxicab Authority, Taxi rides are down nearly 14 percent from November 2017 to November 2018. Nine of 16 companies showed ridership decreases.
History In Vegas
Frias Transportation Management was founded by Charlie and Phyllis Frias. On Oct. 31, 1961, Charlie drove his first shift as a taxi cab driver for a small company named Union Cab with less than 20 employees. Phyllis soon joined Charlie as the company’s bookkeeper. Five years later they started their transportation empire by purchasing the taxi company. Charlie died in 2006, Phyllis died in 2016. Both were known for their philanthropic legacy of helping others.
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Coty White is a journalist at GoldenGOAT Articles that specializes in business, travel, lifestyle, innovation and the environment. Aside from his time spent as a reporter, he is an active stock trader and current owner of four successful companies.