Autonomous vehicle technology company Motional is moving one step closer to its goal of removing the safety driver from robotaxi operations by expanding its service in Las Vegas to nighttime rides. Passengers in Vegas have been able to access Motional’s robotaxi service through ride-hail companies Lyft and Uber since August and December, respectively. The rides… Continue reading Motional opens Las Vegas robotaxi service to nighttime hours
Tag: Lyft
Ride sharing market is estimated to grow by USD 86.33 billion between 2022 and 2027; Evolving opportunities with ANI Technologies Pvt. Ltd., Avis Budget Group Inc among others – Technavio
NEW YORK, Feb. 23, 2023 /PRNewswire/ — The ride sharing market size is forecast to increase by USD 86.33 billion from 2022 to 2027, at a CAGR of 17.45%, according to a recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 48.64 billion. The… Continue reading Ride sharing market is estimated to grow by USD 86.33 billion between 2022 and 2027; Evolving opportunities with ANI Technologies Pvt. Ltd., Avis Budget Group Inc among others – Technavio
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
When Lamin Jatta began driving a yellow cab in 2012, competition was stiff to procure a taxi for his shifts from a busy garage in Queens. Along with other drivers, he would have to slip up to $25 to a dispatcher to make sure he got a car. This cost, though unofficial, was on top… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Lyft is charging riders wait time fees — but drivers aren’t reaping the rewards
Lyft finally started charging riders wait time fees in December, but drivers are complaining those fees aren’t making it into their wallets. At least, not yet. Lyft’s wait time fees, or the charges that passengers incur if a driver has to wait for them upon pickup, kick in two minutes after on-time arrival for standard… Continue reading Lyft is charging riders wait time fees — but drivers aren’t reaping the rewards
Online Taxi Services Global Market Report 2023: Rising Worldwide Internet Penetration Presents Opportunities
DUBLIN, Feb. 15, 2023 /PRNewswire/ — The “Online Taxi Services Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global online taxi services market will grow from $34.82 billion in 2022 to $38.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The online taxi services market is expected to… Continue reading Online Taxi Services Global Market Report 2023: Rising Worldwide Internet Penetration Presents Opportunities
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
But it has not been enough for Ishtiaq Ahmed, 42, who works for Uber and Lyft and lives with his wife and four children in Brooklyn. Mr. Ahmed said that, more than a decade ago, he used to earn $700 to $800 a day with the app services. Now, he is lucky to make $140.… Continue reading Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Uber and Lyft driver pay isn’t keeping up with soaring fares, study says
You’re paying more, but workers might not be reaping the rewards. You’ve probably noticed a steep increase in the ridesharing fares you pay, but your drivers haven’t necessarily received the benefits. UCLA Labor Center researchers have published a study indicating that median Uber and Lyft fares increased by 50 percent between February 2019 and April… Continue reading Uber and Lyft driver pay isn’t keeping up with soaring fares, study says
Uber and Lyft earnings diverge, a self-driving truck roadblock emerges and Redwood Materials lands a big one
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading Uber and Lyft earnings diverge, a self-driving truck roadblock emerges and Redwood Materials lands a big one
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Feb 10 (Reuters) – Shares of Lyft (LYFT.O) fell more than 30% before the bell on Friday after forecasting first-quarter profit below estimates, amplifying worries that it was falling behind Uber (UBER.N) as the ride-hailing firms look to rebound from pandemic lows. Both the companies have been locked in a battle for market share coming… Continue reading Untitled
Lyft says lower prices to hit profit, shares drop 30%
Lyft forecast first-quarter revenue of about $975 million, below analyst estimates of $1.09 billion, according to Refinitiv data. Lyft Inc on Thursday forecast current-quarter profit far below Wall Street targets as the ride-hailing service lowered prices, triggering a 30% drop in shares on concerns it was falling behind bigger rival Uber. Lyft also forecast revenue… Continue reading Lyft says lower prices to hit profit, shares drop 30%