Police: Cab Driver Shot By Another Taxi Driver Outside SEPTA's Frankford Station

PHILADELPHIA (CBS) -- Authorities are investigating a shooting on Saturday afternoon involving two taxi drivers outside SEPTA's Frankford Station.

Police say one driver took out a knife and the other pulled out a gun during a fare dispute just before 2:00 p.m.

The cab driver with the gun shot the other driver three times. SEPTA Police arrested him.

Authorities say he did have a permit to carry.

The driver who was holding the knife is recovering at the hospital.