Taxi business slows in St. John's as economy takes a turn

A cab operator says the downturn in the economy has hit the streets of St. John's, as fewer customers are calling for taxis.

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Albert Newell of Newfound Cabssaid the month of January is usually slow after Christmas butwithout comparing the numbers from last yearit appears as though there's a real drop in business.

"Ever since Jan. 2 it's like someone turned off the light switch," Newell told the St. John's Morning Show.

Newell suspects people are saving their money as many are being laid off, with the drop in oil prices.

"We never had a convention in town for two years. Even with the flights being delayed by the fog. That'sgottahurt us," he said.

In addition to the lull in business, Newell said there are too many cabs on the road.

"There's only so many fish out there that you can catch with a hook."

Newell said at the end of the month, he will compare numbers to see how drastic the decline has been to start off the new year.

"Once the oil and the gas goes up, everything else gets busy."

In the meantime, Newell said some drivers will stick it out, or work extra hours, but others will be forced toquit.