The number of Uber and Lyft rides in New York City declined by 15% in recent months, as yellow cabs picked up 5% more fares, reversing a longtime trend. New Yorkers took an average of 498,641 Uber/Lyft daily rides in June, but by September that figure slid to 432,581, Taxi & Limousine Commission (TLC) data shows. Meanwhile, yellow taxi trips rose from 94,130 per day in June to 98,724 during that same time period.

Uber and Lyft executives admit riders have faced higher fares, thanks to surge pricing, as well as longer wait times than they’re used to – due, at least in part, to a shortage of drivers. Yellow taxis are not subject to unpredictable surge pricing.

Source: New York Post