Uber, Lyft could cut NYC taxi fleet by 85 percent because they're more efficient

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Love them or loathe them, there's no denying that companies like Uber and Lyft are attractive to many consumers. Unlike most taxi fleets, ride-sharing services are app-based, they provide detailed estimates of when a car will arrive, they facilitate carpooling to cut down on fares, and of course, they're cashless. In other words, they're...

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