Ridesharing Is Not The Future of Transportation: Lessons Learned from Kaptyn CEO Andrew Meyers
If you’ve looked at the news cycle recently (outside of election politics), you probably think Uber and Lyft have taken over the world, with the rest of the on-demand economy close behind. You might be wondering if we even need taxi cabs anymore? What about the rest of public transportation? Has the on-demand economy taken it all over? According to Andrew Meyers , CEO of Kaptyn and lifelong for-hire transportation sector innovator, the answer is a resounding no. Andrew states: “RideShare/e-hail service makes up less than 20 percent of the United States transportation industry as a whole. An industry that is worth well over 30 billion dollars" There’s no denying the sheer size of the global transportation industry. Going forward the global taxi and car-service market alone is projected to increase to 183 billion in value, by 2024, according to statisticians at fivethirtyeight . Thus, even if the on-demand economy takes a s...