If you don’t own a car in Memphis (or even if you do), then you are likely to take a cab, bus, or maybe even try out Uber or Lyft. Since April, Uber and Lyft began operating in Memphis. With app incentives like free rides for referring friends, Uber and Lyft have quickly infiltrated markets throughout the country, including right here in Memphis. But, not everyone is thrilled about these companies and the businesses that they operate. Recent legal issues and competition have brought the Memphis City Council together this week to discuss new regulations between Uber, Lyft and taxi companies.

The new regulations are set to be approved within the next six weeks. Companies will face new fees on the cars and be required to include criminal background checks, safety inspections of the vehicles and will also be responsible for ensuring that drivers carry liability insurance. In light of these new regulations, safety and reliability might not be a concern. It’s the fact that even with these new regulations, taxi companies may continue to protest that the rules don’t give everyone the same advantages.

Uber or Lyft rides may be a more convenient, reliable, and affordable way to get around Memphis. The existing taxi companies and drivers in the area have definitely seen a shift in business as people try out these alternative transportation models. Are ride-sharing services unfair to taxi cab companies, or is it all healthy business competition? There are diverse perspectives on the matter and we will have to wait and see how the new structure works out. If you currently live in or plan on moving to Memphis, you have several transportation services to consider. Research your options and use the method that appeals the most to you.