The ride-hail market’s smallest player has emerged as the biggest winner under the city’s new regulations: In New York City, by dispatched trips UBER: 70.2% LYFT: 20.2% JUNO: 5.1% VIA: 4.6% Source: Taxi and Limousine Commission The past couple of months have been deflating for the city’s hired-car industry, but not for Via. The Manhattan-based pooled-ride […]
Yellow cabs with trained drivers now can pick up passengers who otherwise would use notoriously slow Access-a-Ride buses. From foreclosures on taxi medallions to a congestion surcharge in Manhattan that yellow-cab operators say could devastate their business, the taxi industry has had no shortage of bad news in recent months. But there has been one […]
Rideshare companies Uber and Lyft together made 10 million pickups and drop-offs at SFO in 2018, creating more congestion than ever. Now the airport is trying to manage the chaos. The two companies are now making a combined 1,200 pickups and drop-offs every hour at SFO. In response, the airport put out a statement last […]
Uber is in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. The deal would value the business at between $5 billion and $10 billion, according to a Tuesday report from The Wall Street Journal. Uber declined to comment. The news comes […]
Juno, New York’s third-largest app-based service by market share, is for sale at a nominal asking price by parent company Gett, according to a person familiar with the situation. The person said Juno was losing $1 million a day. Several other industry insiders said Gett has approached its ride-hail rivals about buying the struggling service. […]
Uber will pay $20 million to its drivers in California and Massachusetts to settle a class-action lawsuit that raised the question of what responsibility the company has to its workers. Lawyers for Uber said in a court filing Tuesday that they had agreed to a settlement with thousands of drivers. U.S. District Judge Edward Chen […]
Via pays its drivers more than any other company, focuses on environmentally friendly practices, and wants to decrease traffic congestion. But is there a catch? Roman K. tried a lot of car jobs. After immigrating to New York from Tbilisi, Georgia, he worked at an auto shop, but the dust and chemicals made him sick. […]
In its much anticipated S-1 filing to IPO, Lyft revealed a wealth of financial detail. Finally, one of the most debated business models in venture capital is opening up to outsiders. And with Uber slowly releasing selected figures in the run-up to its own IPO it’s now possible to compare the two companies in more […]
Taxi rides with strangers may be just the lift needed for offsetting expected cab shortages during the 2020 Tokyo Olympics and Paralympics. A government council decided March 7 to move forward with lifting the ban on taxi ride-sharing nationwide. “Taxi ride-sharing allows users to travel for cheaper fares,” said Prime Minister Shinzo Abe, who chaired […]
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The deregulation of the Finnish taxi market resulted in a noticeable drop, followed by a sharp increase, in taxi fares, according to consumer price data published by Statistics Finland. Sanna Kurronen, a senior analyst at Nordea, says the data sheds light on the operations of taxi companies, which seemingly sought to bolster their market position […]
