City of Chicago – Chicago, IL

Chicago Taxi Rate Study

The City of Chicago needed to determine whether an adjustment to the taxi fare rate was warranted. For future assessments, Chicago wished to have a spreadsheet-based “Taxi Cost and Rate” model.

Nelson\Nygaard, in collaboration with Taxi Research Partners and DemandTrans Solutions, conducted a survey of taxi drivers and analyzed service data collected from credit card processing vendors (for all taxi trips regardless of payment type) and used the model to derive estimates of revenue, costs, and net income.