Hailo London: Launching a 21st century cab service
Rothco
Prior to Hailo's launch in London, the black cab market was under threat and facing a year on year decline. On a daily basis, drivers were facing a harsh reality with 30 to 60% downtime affecting their bottom line; the business model of street hailing was proving highly inefficient in modern times.
Impatient, time-pressed commuters were turning to other options that better suited their lifestyles, organising cabs in advance rather than taking a gamble in attempting to hail one on the street. Private hire firms such as Addison Lee and local...