NEWTON (CBS) – Newton Yellow Cab, which has served Boston’s western suburbs since the 1960s, is closing its doors for good on Wednesday.

The once-thriving business says it just couldn’t compete with the ride-hailing companies like Uber and Lyft.

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Kathi Peters started driving for the company in 1975 and has been dispatching since 1995.

Between the colleges and residents on the go, Peters says things were busy 24-7 until 5-6 years ago when Uber came along.

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Newton Yellow cab doesn’t even have a computer, let alone an app, so the phone doesn’t ring much these days.

“He’s very stuck in the 60s. It worked for a long, long time,” Peters said of the business’ owner.

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Peters added that the regulations and cost of medallions imposed on cab companies but not ride-hailing companies doomed business more than a lack of technology.