Trono is a major market where UberX has been expanding rapidly and eroding the market power of licensed taxicabs. Trono is now considering bringing UberX into the fold:
Before any [UberX company] could obtain a licence, it would need to provide proof of insurance, confirm that drivers have had a criminal background check and driving record screening, and sign an agreement that protects the city against any losses related to the private vehicles-for-hire.
As only a quasi libertarian, I don't mind these possible regulations. But here is the kicker that had me cheering when I saw it:
Another of the report's recommendations is to reduce the starting fee for a taxi ride, also known as the "drop fee," from $4.25 to $3.25, effective Nov. 1 to make taxis more competitive with Uber.
I love this result. More competition, better and more available service, and slightly lower prices! Vive la competition!