Crossword Genius

Could it be hailed as first in rank? (3)

Ross

I believe the answer is:

cab

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'first in rank?' is the definition.
The answer and definition can be both man-made objects as well as being singular nouns.
Perhaps they are linked in a way I don't understand?

I can't explain the rest of the clue.

Can you help me to learn more?

(Other definitions for cab that I've seen before include "Organisation to collect money made from crime" , "Hackney" , "It has the authority to confiscate the proceeds of crime, in short" , "A taxi in America" , "A taxi in New York" .)

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