SMRT and Premier merge taxi businesses to form S’pore’s second-largest cab company

📆 2023-04-13 10:41:00
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Temasek-owned transport operator SMRT Corp is merging its taxi business with newly sold Premier Taxis’ to form Singapore’s second-largest cab operator with a fleet of around 2,500 taxis. Premier, once owned by the scions of the Chua family, which started Mercedes-Benz...

In an announcement on Thursday, SMRT said Strides Taxi and Strides Automotive Services will be merged with Premier Taxis and Premier Automotive Services to create Singapore’s second-largest taxi operator “with a significant presence in the point-to-point transport industry”.

Mr Ang Wei Neng, chief executive designate of Strides Premier, said: “This merger is a significant milestone to help drive greater efficiency and better services for both our vehicle hirers as well as end-users.” There are now fewer than 14,000 taxis on the road, less than half the fleet size in 2012. To counter the business erosion, all taxi companies here have ventured into the private-hire vehicle sphere.In March, Senior Minister of State for Transport Amy Khor told Parliament that the number of point-to-point transport trips recovered in 2022 to about 80 per cent of pre-pandemic levels.

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SMRT and Premier merge taxi businesses to form second largest cab companyThe new joint venture company, Strides Premier, will have a fleet of around 2,500 taxis. Read more at straitstimes.com.
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