Recently I read a study about New York City cab drivers, a subject on which I thought I was already well-versed. As a group, the cabbies were pretty diverse. Yet they all performed the same task, albeit at different times of the day and different days of the week: They drove a fare from point A to point B.
Theirs is a business that has no seasonality (I don’t think people take cabs more frequently or for longer duration in March as compared with November). But there is one big factor that has a direct impact on cab demand: The weather.