| Latest Forum Topics / ComfortDelGro Last:1.28 -- |
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COMFORT DELGRO - MOVING FORWARD
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pepperfox
Veteran |
07-Mar-2023 14:47
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it should be via this link i suppose:  https://www.theedgesingapore.com/news/corporate-moves/comfortdelgro-track-recovery-speed-bumps-ahead | ||||
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Conman
Elite |
07-Mar-2023 14:07
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Bro Joseph can share the content in gist? The challenges it faces are beyond anyone's capability to overcome as I have listed out and explained before.
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josephyeo
Elite |
07-Mar-2023 11:49
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Saw this headline from The Edge Singapore 3rd March 2023:   ComfortDelGro on track for recovery, but speed bumps aheadJust sharing! Dyodd! |
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pepperfox
Veteran |
07-Mar-2023 09:29
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why cannot we talk differing views constructive? If someone presented an opposing view, it means he/she is against us?  Why cant we just discuss constructively and still be cordial to the person who said it? is that why we have 1 strong party in politics only? Anything else is just means opposing for the sake of rejecting, including the speaker thyself.  come on la. |
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Luzern
Supreme |
07-Mar-2023 09:10
Yells: "9" |
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24 | ||||
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Conman
Elite |
07-Mar-2023 01:47
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Fallingman, I have to agree that you are dump. You have been my supporter for a few years but you suddenly turn against me for no reasons. But I am not even your opponent--, BBs are.
What you did is like what Zoom Bee is doing now --- instead of fighting PHVs to save its taxis, it is now helping PHVs to even overwhelm taxis.
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Conman
Elite |
07-Mar-2023 01:23
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Of course, because from the World's Biggest Taxi Company, it is now even you as a long term supporter think it is no more a taxi company. 🤣
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Entropy72
Master |
07-Mar-2023 01:04
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Damn stubborn.
CDG 2022 revenue is $3.7B. Taxi revenue is $437m. Still call CDG a taxi company.
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Conman
Elite |
07-Mar-2023 00:48
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Guru, Zoom Bee is a taxi company, not a PHV company. It lost more than 10,000 taxis because of PHVs. But the reason why it lost the fight is not because it didnt havre an app. -- that was my point.
Bacause it missed the head when trying to hit the nail, taxis will continue to decline to its death. Anyway, please tell us : how many PHV cars has it rented out?
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Fallingman
Senior |
06-Mar-2023 22:31
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i really dont know what u are talking... i think i am just dumb.
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Entropy72
Master |
06-Mar-2023 22:09
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Missing the point again, Conman. Zig starts off with CDG taxis as a base, but will serve increasingly more PHVs simply because customers prefer ride hailing to street hailing. It is not about saving taxis, as you always harp about.
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Conman
Elite |
06-Mar-2023 18:31
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Guru,
These talks only point to one fact : Taxis have lost their critical mass. And Zig is not even the answer, because any potential driver will not choose taxi based only on one factor, ie, Zig. There are many other more important factors for them to consider. This explains why we do t see a signidicant increase of taxis on the road depite that Zig has been in existence for quite some time. Wrong strategy to salvage taxis from extinction cannot even delay its death, not to say bringing back its past glory ☹ |
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Entropy72
Master |
06-Mar-2023 15:28
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While many of us agree that we are more familiar with Grab for booking of rides, it is also increasingly clear that Grab charges a premium as compared to CDG Zip.  This is not surprising as Grab is under pressured to turn cashflow positive for its shareholders, and needs to charge higher commission (20%) to do so.  Furthermore, Singapore govt has taken a lead in requiring platform providers to pay CPF for their driver partners - adding to their operational costs.    As word of mouth spreads, and more people start using CDG Zip which charges only 5% commission, I expect CDG Zip market share will increase for both taxi and private hire vehicles (whether renting from CDG or not).  CDG is able to cross-sell EV charging, vehicle servicing as well as offer delivery jobs on its Zip platform to attract more drivers. Hope CDG management will start sharing CDG Zip progress in coming quarterly updates.  |
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Entropy72
Master |
06-Mar-2023 15:21
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Death of street-hailing? ' Very hard' to hail a cab by the road now, say drivers and passengersA recent survey by the Public Transport Council found that passengers' satisfaction with taxi and private-hire car services dropped in 2022, with  the score for wait time falling the most. 
A man flagging down a taxi in Singapore. (File photo: iStock/Koh Sze Kiat) SINGAPORE: Taxi driver Chan Kim Min' s passenger waited 40 minutes at the taxi stand outside OG People' s Park before he happened to drive by.  The passenger had not called for a cab, Mr Chan recounted to CNA about the passenger he picked up in February. It surprised the 67-year-old, who has been driving a ComfortDelGro taxi for 24 years, as he is used to accepting bookings from passengers who have called a cab or those that come in through his company' s booking app, CDG Zig. " If you want to flag down a cab by the road nowadays, it' s very hard to get one," he said in Mandarin. While his passenger did not express frustration at the long wait time, a  recent survey found that passengers' satisfaction with taxi and private-hire car services dropped in 2022, with  the score for wait time falling the most.  Respondents in the Public Transport Council on customer satisfaction for point-to-point transport services survey were asked to indicate on a scale of one to 10 the importance of, and their satisfaction with, key service attributes, based on their most recent journey in a taxi or private-hire car. The survey results released on Feb 6 found that satisfaction with taxi stand accessibility and waiting time scored the lowest at 7.6 and 7.1 respectively.   HARDER TO GET A CABPassengers who still flag down taxis noted it is " impossible" to get a ride the conventional way, said those who spoke to CNA. One passenger, Ms Natalie Pang, " very rarely takes cabs in the first place" , but if she does, she would wait by the road or at a taxi stand.  The 35-year-old only turns to an app if she needs a cab late at night and uses the CDG Zig app exclusively.  " (Hailing a cab on the) main road is impossible, but I once by chance managed to flag down one taxi in the last seven months," she said. Another passenger, Ms Keryn Wai, added that while it is hard to hail a cab by the road, it is not any easier at a taxi stand as many drivers prefer passengers to have a booking.    " I' ve been told by taxi uncles that (the number of taxis) reduced a lot since COVID, and that' s why there aren' t that many on the road now. A portion of those who are left are doing Grab, Gojek, Tada too. So they prefer to wait for business via the apps or even the ComfortDelGro bookings," the 31-year-old said. Mr Chan said that he would also share similar reasons with his passengers when they complain to him that it is increasingly difficult to flag down a cab.  The shortage of drivers is  an industry-wide trend.  The number of monthly active point-to-point drivers fell from around 69,000 pre-pandemic to 55,000 in the last quarter of 2022, Senior Minister of State for Transport Amy Khor said in Parliament on Mar 3.  The decline is steeper for taxi drivers, with about 9,000 fewer active drivers compared to pre-pandemic. Many drivers who left the industry were those driving night or weekend shifts,  she added. The lack of drivers has thus resulted in high surge fares and longer waiting times, especially during the late evening or at night. Ms Wai, who  used to take cabs at least two to three times a week, has since cut down to once a week at most. When she is running late, she waits by the roadside or a taxi stand while trying her luck on ride-hailing apps.But most of the time, " the apps come through (with a ride) first" , she said. FEWER PASSENGERS ALONG THE ROAD Even as street-hailing passengers struggle to get a ride, drivers, too, struggle to pick up passengers along the road. Data from the Land Transport Authority  revealed a huge difference between the amount of street-hailing and ride-hailing trips over the last two years.  The average daily number of ride-hail trips was about four times the average daily number of street-hail trips for each month in 2021, with this gap widening in 2022.  In November 2021, for instance, the average number of daily street-hail trips was 112,000, compared to an average of 451,000 daily ride-hail trips. That same month in 2022, the average number of daily street-hail trips sunk to 97,000, while the average number of daily ride-hail trips jumped to 496,000.  Those who flag down a taxi by the road are " usually above 50 years old" , pointed out Mr Chan. " There is the occasional younger passenger, but they' re usually waiting at a taxi stand," he said, highlighting the passenger who had waited for 40 minutes. Another driver, who only wanted to be known as Mr Chia, agreed that " very few flag down" his taxi these days. " Almost all use the (ComfortDelGro) app and phone," the 72-year-old said. While fewer street-hailing passengers have not affected Mr Chia' s take-home salary much, Mr Chan has seen his pay dip by several hundred dollars a month. But the latter does not want to get onto ride-hailing apps, as there is " too much competition" there. " I' m an old-timer already, I don' t want to fight with others. My salary will definitely be less (without a ride-hailing app), but I' ve accepted it," he said.  SURGE PRICING Those who choose to hail a cab by the road, despite having ride-hailing apps installed on their phones, said the surge pricing on ride-hailing apps is a turn-off.  Ms Wai once checked that a ride from Newton to Serangoon would have cost her S$22 to S$25 on a ride-hailing app during peak hour. In the end, she hailed a taxi along the street for S$12. " The ride-hailing apps have been more expensive recently, with Grab being the worst. There is almost always a surge pricing, 30 to 80 per cent more than the usual. The few times I managed to flag down a cab, it' s 30 per cent cheaper than any of the (ride-hailing) apps," she said.  " And it' s one thing to be expensive, but by the time I finally get a taxi or a ride via the apps during (peak hour) timings, I could have just taken public transport. It' s even worse when it' s raining," she added.  Ms Pang only uses the CDG Zig app and is not on other ride-hailing platforms.  " I think I downloaded the Grab app in 2020 only. And when I  used it, the prices were always higher than ComfortDelGro and (the ride was) always slower to arrive," she said.  Likewise,  Mrs Diane Tan, a 32-year-old mother, estimated the wait time for a Grab ride to be longer than hailing a cab along the main road or at a taxi stand these days. While she tries to use public transport as much as possible and hardly uses ride-hailing apps anymore due to inflation, she noted that when there is a price surge on these apps and it is not during peak hour, taking a " normal cab might be cheaper" .  " Anyway, things like (the availability of) e-payments are no longer differentiating factors, because if I flag down a cab, I can still pay by card and so on," she added.  |
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Conman
Elite |
06-Mar-2023 09:08
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The more important question to ask is whether these things can make money or it is better to put the money in banks to earn interest
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Neutral_Guy
Senior |
05-Mar-2023 10:32
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Yes. Sure, some people will be lazy type. So same for stocks, some lazy to analysis and end up losing more. At least we analysis here, we can cut down the risk(no one can predict 100%if stock will go up or down). Cheers and will load up more here. Have a great Sunday.
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ahbui8
Master |
04-Mar-2023 23:31
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Many are  lazy. Many will still book for Grab, just like using food delivery services.
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vicloo
Supreme |
04-Mar-2023 16:16
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And go see Comfortdelgro website, more than half of its UK business is on Coach and buses, only half or less is taxi business.
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vicloo
Supreme |
04-Mar-2023 16:12
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What is zoom bee?
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Neutral_Guy
Senior |
04-Mar-2023 15:35
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Yes, i agreed with you too i also recently took a taxi(hailed from road side)from Yishun to Sin Min road, it cost only$17. If book grab, it cost about $25. Grab drivers want to earn more by driving PHV, but we, consumers, also not stupid and want to save more. Unless the place you are, very difficult to get taxis, else most people will still save more by hailing taxis by the road side. So eventually if driving Grab got lesser business, drivers will switch back to taxis. And vice versa. So it is very dependent on Grab and taxi companies strategies. Now i think traditional taxis is on the winning side.
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