Taxi Driver Online

Oh Ian you have made my day.

I suspect less than 15% of councils use any sort of formula, let alone the one shown on TDO. Quite how the rest come to any sensible fare, I don't know.

But the words 'pot luck' and 'what we can get away with', spring to mind.

Geoff,
What a a small world we live in. My eldest son lived in your ancestral patch up in Toddy. Waterside House from memory? Anyway on the main road next to the big supermarket.
Ged

Know it well by Summerfield supermarket, Waterside house was part of the waterside cotton mill, built for the manager, unless its that block of flats opposite?

Waterside mill produced in later years plastics they built a house for the future which was like a spaceship.

surely your son did not leave beutifull toddy?

Wharfie

Any chance someone could post the formulae again? I cant seem to find it.

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There is Significant Unmet Demand for my Opinion.

It's the first post in the thread??

Dusty

Sometimes Dusty, you make me feel a complete plonker.

But thank you for the reference anyway.

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There is Significant Unmet Demand for my Opinion.

Are there any Taxis actually charging £2 a mile anywhere? PHM tables dont show many.

Did the formulae for our area and it gives us £1.75p a mile. We actually run at £1.30 a mile. We are about to bring in an increase, but looking at PHM tables, our fares are already in the top 100.

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There is Significant Unmet Demand for my Opinion.

That's what I like two years between a post.

I think you can make the formula do what you like by amending the % of dead miles and size of engine average. But it might look good to those that pass the fares to show that your not taking your full quota.

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IDFIMH

we hAVE that formula in B&H.
when it was forst used the fares went up massively.
but after the first jump fares should only go up a little bit each year.

Just out of interest CGull, when the fares first jumped, do you have any idea of what percentage ridership went down?

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There is Significant Unmet Demand for my Opinion.

went down a fare bit to start with. maybe 15%. real;ly bad press.
has sort of come back.
wordt thing i think we did was £1 extra on top of the 80p already. after 12.
£4.10 start is not good.
back to the formula. was bad for the start.
but each year after shopuld only have little increases.

Have been reading this thread with great interest starting with the posting by Sussex way back in September.

I have written some Excel spreadsheets which will be of great help with regards to reading the League Table in PHM and in working out the running costs per mile of a taxi.

The spreadsheets are on sale at the moment on eBay
just enter cabsuite 2 in eBays search engine.

They are well worth a look with regard to the formula that some councils are now using in setting the tariffs, as pointed out by Sussex and Cgull.

Sorry about the blatant plug but it's good stuff and should be useful here.

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The higher the fewer.

........way back in September 2003 I should have said.

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The higher the fewer.

Sounds interesting. How do we get one of these?

And, one can assume, that if you increase by 15% and lose 15% of trade gross take, then you are ctually making more profit, as you are doing less miles to achieve the same gross take.

In theory....

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There is Significant Unmet Demand for my Opinion.

Good point, but there's certainly nothing to suggest that the percentage changes would be exactly the same.

However, your theory is at least more advanced than that usually employed by officialdom, since I can't ever recall any analysis of fares that uses your methodology.

But you can't look at the demand side without considering supply, so if your theory about increased profitability is correct then to that extent it would just mean more taxis and thus back to square one.

The bottom line is that earnings in the trade are ultimately decided neither by fare levels nor vehicle costs etc.

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