(CBS) — Chicago Aldermen have given preliminary approval to an ordinance that would help licensed taxicab drivers to make more money without a fare increase, reports WBBM Political Editor Craig Dellimore.

To help traditional taxis compete with so-called ridesharing services, the city has agreed to establish a universal smart phone app for passengers to summon cabs.

Cheryl Miller, who has been driving a cab for 20 years, welcomes the revisions that officials say could reduce their costs by thousands.

“The Taxi Driver Fairness Ordinance would not only provide drivers with much-needed economic relief through lease reduction rates and reduced credit card fees,” Miller said. “It will also create a process for reforming the unfair rules and fines that deny us due process.”

When finally approved, there also would be a task force created to consider other changes.