Cabify Withdraws from Panama and the Dominican Republic

Arguing that the decision is due to the commitment of the search of the profitability, from November 8 the Spanish company of transport by application will stop offering its services in Santo Domingo and Panama City.

Tuesday, October 13, 2020

As a result of a constant process of analysis of the markets in which it operates, the company has made the strategic decision to stop its service in both capitals, the company said in a statement.

You may be interested in "Geomarketing and decision making"

Eldinero.com.do reviews that "... Cabify assured that the 'strategic decision' is due to its strong commitment to the search for profitability and that it is constantly reviewing its operations in all the cities where it is present to ensure optimum financial sustainability."

According to the document issued by Cabify, company executives will be attentive to future needs and opportunities for mobility in the capitals of Panama and the Dominican Republic.

The article reviews that the transportation on demand company, apparently, did not achieve its objectives of competing with Uber, the leading firm in this field in the Dominican Republic.



More on this topic

Shipping: Service Offer in Panama Increases

June 2020

In this scenario of changing habits, the company Uber announced that in the Panamanian market it will make available to its customers a new service of sending articles, which will be called Uber Flash.

For more than three months, when the first cases of covid-19 were reported in Panama, the population has been subjected to strict quarantine, which has forced companies to diversify their services.

Collaborative Economy: Business on the Rise

April 2020

Hugo App, a platform for home delivery services, is one of the companies that accelerated its growth due to the mobility restrictions that have been decreed in the countries of the region because of the health crisis.

In order to contain the spread of covid-19, governments in Central America have decreed mandatory quarantines and restricted the movement of consumers at certain times.

Collaborative Economy: New Competitor in Panama

March 2020

In a few days the company DiDi will start operating in the country, an application dedicated to the transport of people and which is already recruiting driving partners.

This is the second market in Central America where the application will compete, since in November 2019 began offering its services in Costa Rica, specifically in San Jose, Cartago, Alajuela, Heredia and Puntarenas.

Collaborative Economy: Plan to Regulate Uber

January 2019

Arguing that traditional taxi services and Uber should coexist simultaneously, the government of Costa Rica presented a proposal to regulate the collaborative transport service.

Uber, the computer platform for passenger transportation that has been operating in Costa Rica for more than three years, has faced, as in other markets, the opposition of local taxi drivers, who claim that they compete under unequal conditions.

 close (x)

Receive more news about Transportation

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 22)
Brent Crude Oil
55.050
Coffee "C"
125.35
Gold
1,856
Silver
25.490