Major players in Toronto’s taxi industry, like Beck, Co-op and Crown, said they will not be implementing surge pricing in their service.

Industry leaders also announced at Toronto city hall Wednesday morning that they have no plans to take legal action against the city in response to a May 3 motion that effectively legalized ride-sharing services like Uber.

The motion was also meant to level some of the competitive advantages that Uber had. For example, Uber hikes their prices whenever there is a high demand for passenger pickup.

The Toronto Taxi Alliance said at the news conference that charging more when the demand is high is unfair to costumers and is a business model they say they won't use. Even though taxi companies do have the option to use surge pricing when a cab is hailed through an app, they say they won’t enforce it because it’s “bad for business.”

Executive director of the alliance, Rita Smith, said the industry has received an “avalanche” of messages from customers and drivers who say surge pricing is a “terrible idea, and they want nothing to do with it.”

Moreover, the taxi industry will work within the bylaws to compete with Uber, she said.

Nonetheless, she said while there are parts of the motion she agrees with, she is concerned about the well-being of “vulnerable passengers” who will be affected by surge pricing.

"We believe that a young woman heading home with $20 in her wallet should be confident that a cab ride which cost $15 on Tuesday will still cost $15 on Saturday, not $30, $45 or $90,” she told reporters. "A senior citizen travelling to a doctor's appointment should feel safe knowing in advance what the charge will be, whether or not it is raining.”

Smith said taxis are here “for the long run” and the industry is “more determined than ever” to be the customer’s preferred choice.

The taxi industry has been fighting for customers ever since the popular Uber app became available in Toronto.

On May 3, Toronto city council aimed to level the competition by providing a set of rules for ride-sharing companies, like Uber. The new rules include making the minimum price of an Uber X ride $3.25, instead of the previous price of $2.50.

But one of the biggest changes was the addition of a $2-million insurance policy required for all Uber and ride-sharing service drivers. They must now provide proof of insurance to the city, rather than to their company. Uber drivers must also outfit their vehicles with winter tires.