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    Transportation News

    New regulated Dallas transportation app promises safety without surge pricing

    Jonathan Rienstra
    Mar 4, 2015 | 1:41 pm

    A new player is stepping into Dallas’ ride-sharing game, and it’s promising safer rides and no price surging. The app is called 2pointb, and its San Diego-based CEO, Josh Komenda, says that it intends to the first regulated ride-share option in Dallas.

    The app works like Uber or Lyft, offering riders the opportunity to order a car from a smartphone or tablet, but 2pointb is using only established black car and cab companies to ensure that all of its drivers have passed a class II background check and have clean driving records and commercial liability insurance.

    In addition, 2pointb won’t be adopting the dynamic, or surge, pricing that other ride-sharing apps use. For now, its cab partners will operate with an in-vehicle meter rate, while its black car and SUVs have minimum fares and per-minute and per-mile rates that are static. He says that surge pricing doesn’t work.

    “The way it’s implemented by the players, we don’t believe that it has any benefit to the supply/demand curve,” he says. “It’s more about revenue maximization. We generally incentivize drivers, and they really appreciate the stability of knowing that they’re not going to get frustrated passengers when pricing is crazy.”

    Komenda has previous experience in the mobile app market. He and a partner, Jeremy Schrage, previously founded GoFastCab, an app that allowed users to schedule cab rides, which he sold to Arizona-based Total Transit in 2013.

    He says that he chose Dallas as 2pointb’s first market because of a marriage of demographics and recent regulation.

    “The first thing is that the Dallas market is a really great market with young achievers and a large number of successful people who are attracted to the value of the service,” he says. “The other is that Dallas began the process of regulation [for ride-sharing apps] last fall. They had been operating in limbo, and we had the chance to watch the process with a business manager on the ground.”

    Those regulations, which take effect April 30, require ride-sharing app drivers to “have an operating permit, a valid driver’s license, limited traffic violations and must undergo background checks.” Komenda says that 2pointb will be the first fully regulated ride-sharing app in Dallas because it requires all of those things from its drivers already.

    Komenda is also taking part in Dallas Startup Week in a session March 5 called “The Future of Urban Mobility.” The talk starts at 4 pm at the Chase Basecamp at 1700 Pacific Ave. and will include Chad Edwards, assistant vice president of DART; Todd Plesko, vice president of planning and development at DART; Chris George, director of evangelism at Vinli; and Walkable DFW founder Patrick Kennedy.

    unspecified
    news/innovation

    New money

    Texas Stock Exchange launches trading on 'Y'all Street' in Dallas

    John Egan
    Jul 15, 2026 | 1:30 pm
    Stock exchange
    Photo by Oren Elbaz on Unsplash
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    Two-step aside, New York Stock Exchange and Nasdaq. The Dallas-based Texas Stock Exchange, nicknamed Y’all Street, just kicked off live trading with five stocks for now — and with lots of Lone Star ambition.

    “The Texas Stock Exchange aims to revitalize competition for [stock] issuers, establish the premier venue for listings, and create a world-class trading platform for all market participants,” the exchange says in a fact sheet.

    The exchange — whose Texas-influenced nickname is a nod to New York City’s Wall Street — has collected at least $275 million in investments. The roughly 90 financial backers of TXSE include Bank of America, BlackRock, Charles Schwab, Citadel Securities, Dell Family Office, Fortress, Goldman Sachs, and JPMorgan Chase.

    Representatives of TXSE couldn’t be reached for comment. On its website, the exchange calls itself “the most well-capitalized equities exchange to ever be approved” by the U.S. Securities and Exchange Commission (SEC).

    Not to be outdone, NYSE has launched Dallas-based NYSE Texas and Nasdaq has expanded its presence in Dallas.

    Y’all Street adds to Dallas-Fort Worth’s rising status as a major hub for financial services, with The Wall Street Journal naming North Texas the country’s second biggest financial hub after New York City. Among the biggest DFW players in financial services are:

    • Financial services provider Charles Schwab
    • Banking company Comerica
    • Auto lender Santander Consumer USA
    • Banking company Texas Capital Bancshares
    • Lender GM Financial
    • Investment bank Goldman Sachs
    • Financial services provider Fidelity
    • Banking conglomerate JPMorgan Chase
    • Megabank Wells Fargo

    “A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State,” Gabriela von zur Muehlen, senior vice president and chief policy officer at the Texas Association of Business, told The Texas Tribune.

    In a move that will further elevate DFW’s status as a financial powerhouse, Goldman Sachs is building an 800,000-square-foot corporate campus near the American Airlines Center. The campus, with an initial price tag of $500 million, will be able to accommodate more than 5,000 employees when it opens in 2028; it’ll be Goldman Sachs’ largest office outside New York City.

    Driven by DFW, the financial services sector now plays a massive role in Texas’ status as the Financial Capital of America, as declared by Gov. Greg Abbott.

    Bulent Temel, an associate professor of practice in economics at the University of Texas at San Antonio, told Texas Standard that TXSE “is going to boost the credibility of the Texas economy.”

    Texas’ estimated gross domestic product (GDP), a yardstick for the size of an economy, climbed to a record-setting $2.9 trillion in 2025, making it the state with the second highest GDP after California. DFW’s estimated GDP in 2023 stood at $744.6 billion, eclipsing the GDP of many countries.

    “The center of gravity for American capitalism is now headquartered in the Boom Belt,” Abbott proclaimed in April, referring to an 11-state region (including Texas) in the South and Southeast that’s seeing tremendous economic and population growth. “The Texas Stock Exchange is the natural extension of that capitalism. It ensures that capital markets will reflect the quadrant that is driving American growth.”

    stock markettexaswall streetmoney
    news/innovation
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