Court gives taxi competition a green light

While everyone was preoccupied with the impending elections, and particularly the presidential race, a federal appeals court quietly issued a pair of rulings upholding deregulation in the taxi and ridesharing market.

The 7th U.S. Circuit Court of Appeals issued two separate rulings last month affirming decisions that reforms opening up taxi markets to greater competition in Chicago and Milwaukee did not violate the rights of entrenched taxi interests. The Chicago case concerned the city’s decision to allow ridesharing services such as Uber and Lyft to operate. In the Milwaukee case, the largest taxicab operator in the city sued after the city removed the cap on taxi medallions, which significantly reduced the artificially inflated resale value of the medallions.

Judge Richard Posner did not mince words in the court’s Milwaukee decision: “The plaintiffs’…

Read the full article at ocregister.com…

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