Company type | Subsidiary |
---|---|
Founded | 1907 |
Founder | John D. Hertz Walden W. Shaw |
Defunct | 2015 |
Fate | Split into multiple companies upon bankruptcy |
Owner |
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The Yellow Cab Company was a taxicab company in Chicago which was co-founded as the Walden W. Shaw Livery Company in 1907 by Walden W. Shaw and John D. Hertz.[1][2] The Yellow Cab Company's rapid growth in the late 1910s and 1920s innovated a new kind of taxi company, one which covered the entire city limits, promising a cab to any address in ten minutes or less. In establishing its service, the Yellow Cab Company developed many of the procedures and safety protocols that would be adopted by taxi companies around the country. The company's meteoric success also invited bitter competition on the city's streets, leading to a period known as the "Taxi Wars." During the Depression, Morris Markin, owner of Yellow Cab's rival Checker Cab Mfg. Company, significantly consolidated ownership of the city's taxi companies, putting an end to the violence.[2] Yellow Cabs remain on the city's streets today, though ownership was split between multiple companies upon its declaration of bankruptcy in 2015.