The abbreviation TNC stands for Transportation Network Companies. A relatively new term, TNCs are increasingly popular methods of finding personal travel, fast. TNCs provide users with transportation through an online platform that connects them to drivers that are nearby. Examples of such companies include Uber and Lyft.
This term is relatively new, having only come about in recent years, following the development of relevant online technology. TNCs have been steadily increasing in number due to increased demand, based on the ability to book a taxi via an app and the ability to register a debit card to the account.