Basically. From Wikipedia[0]: > Over the years, many medallions once owned by individual drivers were sold to large taxi fleets. As of 2012, about 18% of all t

Basically. From Wikipedia[0]: > Over the years, many medallions once owned by individual drivers were sold to large taxi fleets. As of 2012, about 18% of all taxis were owner operated, while the rest were leased; this is a decline from the 29% ownership rate in 2006. [0]: https://en.wikipedia.org/wiki/Taxicabs_of_New_York_City#Logistics https://en.wikipedia.org/wiki/Taxicabs_of_New_York_City#Logi...