Lyft plans to add a temporary fuel surcharge to fares amid rising fuel prices around the country, the company confirmed to The Verge on Monday. “We’ve been closely monitoring rising gas prices and their impact on our driver community,” Lyft spokesperson CJ Macklin said in a statement. “Driver earnings overall remain elevated compared to last… Continue reading Lyft to add temporary fuel surcharge to fares amid spike in gas prices
Tag: Lyft
Motional and Via launch free autonomous ride-hail service in Las Vegas
Motional, the Aptiv-Hyundai joint venture aiming to commercialize autonomous driving technology, has launched a new robotaxi service in Las Vegas with on-demand and transit tech service Via. The two companies, which first announced a partnership back in October 2020, will provide free rides in autonomous vehicles to members of the public in downtown Las Vegas.… Continue reading Motional and Via launch free autonomous ride-hail service in Las Vegas
EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image
The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 25 (Reuters) – Uber Technologies Inc (UBER.N) is testing a new driver earnings algorithm in 24 U.S. cities that allows drivers to see pay and destinations before accepting a… Continue reading EXCLUSIVE Uber revamps driver pay algorithm in large U.S. pilot to attract drivers, article with image
Uber and Lyft are finally starting to look like different companies
Uber and Lyft have been operating on parallel tracks for a long time. Drivers moonlight for both services, customers toggle between the two apps, and despite Lyft’s efforts to position itself as a “woke” alternative to Uber, the two companies essentially operate identical ride-sharing services in the US. Of course, there’s a lot to differentiate… Continue reading Uber and Lyft are finally starting to look like different companies
GM’s robotaxis are only coming out after dark – CNN
Cruise has for years tested its self-driving cars in San Francisco and planned to offer rides to the public. “The chaotic, gritty streets of SF are our launchpad,” Cruise’s then-CEO Dan Ammann wrote in a 2020 blog post. “An electric car, driving by itself, navigating one of the most difficult driving cities in the world.”… Continue reading GM’s robotaxis are only coming out after dark – CNN
Uber posts quarterly profit on strong delivery, recovering ride demand
Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. The company’s first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started… Continue reading Uber posts quarterly profit on strong delivery, recovering ride demand
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Lyft’s revenue growth masks active riders slippage
U.S. ride-hailing company Lyft dropped its fourth-quarter financial results Tuesday, a report that showed a mixed bag of growth — that in the area of active riders failed to meet analysts’ expectations. The public company had Q4 2021 revenues of $969.9 million, up around 70% from its year-ago quarter that was hit hard by the… Continue reading Lyft’s revenue growth masks active riders slippage
Uber’s app will beep until you buckle your seatbelt
Uber has no qualms about annoying its customers to pressure them to do something. The latest example is a new feature that will emit a series of chimes until passengers buckle their seatbelts. Previously, Uber drivers would rely on signage to encourage passengers to secure their seatbelts. (Google “Uber seatbelt sign,” and you’ll see plenty… Continue reading Uber’s app will beep until you buckle your seatbelt
The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla
So long, Self-Driving Coalition for Safer Streets; hello, Autonomous Vehicle Industry Association! The AV industry’s top lobbying group in Washington, DC is rebranding, dropping the reference to “self-driving” in exchange for a more straightforward moniker. The group, which was founded in 2016 by Waymo, Ford, Lyft, Uber, and Volvo, lobbies lawmakers to pass legislation favorable… Continue reading The self-driving car industry is abandoning the term ‘self-driving’ and leaving it to Tesla