Western Cab says it will continue to operate independently
Representatives of Western Cab Co. told regulators today they have withdrawn their application to the Nevada Taxicab Authority for approval to be acquired by the Yellow-Checker-Star family of companies.
The authority had placed the request on today’s meeting agenda, but scratched it when Marilyn Moran of Western told board members the deal was off and Western would continue to run independently.
In an interview after the announcement, Moran said the companies could not agree on terms of the deal.
She said YCS, Clark County’s second-largest taxi group, brought the proposal to Western, but after reviewing the terms rejected the transaction.
She and her attorney, John Moran Jr., would not elaborate on the sticking points of the negotiations.
By number of industry medallions — the licenses necessary to operate a cab — Western is in the middle of the pack of 16 companies in Clark County, with the equivalent of 133.6 full-time medallions.
Adding Western to the YCS group would have made it larger than the Frias Transportation Group, which controls the equivalent of 663.4 full-time medallions compared with Frias’ 596.1.
In November, Western provided 197,906 taxi rides to customers, or 5.7 percent of the market share, and averaged $14.38 per trip, just under the $15.01 industry average.