The City of Oakland is in the process of breaking up the monopoly long-held by Oakland's Friendly Cab. According to a source who did not wish to be named, last week on Friday, Oakland Police Officers took taxi medallions away from Yellow Cab cars owned by Friendly Cab. The source reports that the cabs will be offered to the public "sometime around January 25th." According to the source, Surrender Singh, the owner of Friendly Cab, was making as much as $250,000 a week from operations; that's $12 million a year. But allegedly Friendly Cab was "abusive" to its drivers," said the source, who did not elaborate on the claim, "Something needed to be done." Before the City of Oakland's action to end their monopoly, you had to go to Friendly Cab to lease a taxi and the cost is $65 per day. All of the expenses are paid by the driver. Friendly Cab has 100 cars, so the 11 Yellow Cabs that will be lost should not be a large impact on its...
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