Quote:
Originally Posted by urban1
I may be wrong but I believe the cab companies own very few of the cabs. Most cabs and cab licenses are owned by the cab drivers themselves. The owner of the cab/cab license will work his prefered 8 hour (or however many hour shift he wants) and then will rent out his cab for the other 16 hours of the day. Usually its a 50/50 split between the owner of the cab and the person who drives it. So its up to the owner of the cab, you can drive your cab for 8 hours and let it sit for the rest of the time, or you can have it running 24/7.
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No the cab company ownes the licence usually, they will lease you a vehicle or you can provide your own, and the cab is given out to two individuals who share it (split into dayshift and nightshift). Most cab drivers would do just about anything to have their own licence because that means you can lease out the licence too two drivers charge rent and profit sitting at home or doing another job, or you can drive for 8-12 hours and have the other driver pay your part of the rent and their own too so you would get too keep everything you make (after the cost of fuel). Even if you own you pay the company rent but it's much lower if you own the licence. I know many people who have been trying to get cab licences for quite some time to no avail, they've been offered them for $80,000-$200,000 when they had got them for free or almost no cost. Also cab drivers dont do 8 hour shifts usually it's 12 hour shifts (how many hours you work is up too you).