End of the road for Albuquerque Cab

Albuquerque Cab Co., one of  the Duke City’s oldest and largest taxi businesses, closed its doors on Monday, laying off about 70 people, including cab and airport shuttle drivers, mechanics, and administrative staff.

The company, which formed in 1974, has dominated the Albuquerque market for nearly four decades, alongside the city’s other long-standing service, Yellow Checker Cab. But those two firms now face a lot more competition following efforts by state officials in recent years to open the local market to more competition.

Today, five cab companies are operating in Albuquerque, plus three airport shuttle firms, said Albuquerque Cab’s director of administrative services, Jeree Tomasi. That’s in addition to ride-sharing services Uber and Lyft.

“The transport industry has gotten more and more challenging because state regulators and legislators decided to de-regulate the market,” Tomasi told the Journal. “The competition has taken a huge portion of our market share, and we just couldn’t survive. Uber and Lyft in particular put the final nails in the coffin.”

Albuquerque Cab has always operated as a family business. Shawkeet Hindi, who took over the business from his brothers in 1998, ran the company until his death in 2015. His wife, Lois Hindi, has run it since then, along with her daughter, Jeree Tomasi, and other relatives.

The company operated nearly 50 vehicles, including cabs and shuttle buses. As of Monday, a recording told callers that Albuquerque Cab is no longer in operation, referring customers to Yellow Checker.

“Our drivers were all very loyal and good workers, but they couldn’t make a living anymore,” Tomasi said. “We did the best we could and invested all we had. Seventy people have lost their jobs. It’s devastating.”

Share Your Story

Nativo Sponsored Content

taboola desktop

MORE ARTICLES LIKE THIS

1
Direct ABQ-Hollywood flight to begin in January
ABQnews Seeker
A new daily direct flight between ... A new daily direct flight between Albuquerque and Hollywood Burbank Airport ...
2
APD still looking for suspect in fatal bar shooting
ABQnews Seeker
The man accused in a quadruple ... The man accused in a quadruple shooting that left one man dead outside an Albuquerque sports bar is still on the loose. Gilbert Gallegos, ...
3
NM officials focus on keeping schools open
ABQnews Seeker
With virus cases receding, education leader ... With virus cases receding, education leader does not foresee a return to virtual learning
4
Intel to partner with NM colleges on hiring push
ABQnews Seeker
Intel Corp. is partnering with five ... Intel Corp. is partnering with five prominent New Mexico colleges and universities on a student hiri ...
5
Courts: Pretrial release doesn't fuel violent crime
ABQnews Seeker
Police, prosecutors, politicians complain about 'revolving ... Police, prosecutors, politicians complain about 'revolving door'
6
Help when your loved one is a victim of ...
Blogs
A nonprofit agency provides information, referrals, ... A nonprofit agency provides information, referrals, advocacy and support for the families and friends of victims of violence – all at no ...
7
Police: Man shot by worker had BB gun
ABQnews Seeker
Alleged robber died after shooting at ... Alleged robber died after shooting at ABQ Subway
8
Work begins on 'war-gaming' lab at Kirtland AFB
ABQnews Seeker
Facility will immerse 'warfighters into scenarios ... Facility will immerse 'warfighters into scenarios using future technologies'
9
Honoring the service of military veterans with a ride ...
ABQnews Seeker
'There are no distractions, not a ... 'There are no distractions, not a lot of people talking' up in a small plane
10
Rep. Armstrong, ABQ Democrat, to retire next year
ABQnews Seeker
Armstrong is one of the leading ... Armstrong is one of the leading voices in the Legislature on health care