Sioux Falls taxi companies fold after Lyft arrives

SIOUX FALLS, S.D. (AP) - City officials in Sioux Falls say at least five taxi companies plan to call it quits a year after the railing-hailing service Lyft arrived.

The city's licensing specialist, Jamie Palmer, says eight cab companies missed the recent deadline for renewal and five of them have informed her they won't be renewing.

Todd Ellingson tells the Argus Leader he saw the writing on the wall for his company, 1st American Cab, when Lyft arrived. Ellingson says he can't compete with the convenience and price of Lyft. Ellingson says "it's an app-driven world" so he's pulling the plug on 1st American.