Lyft is rolling out a car rental offering starting in Los Angeles and San Francisco that will work similarly to that of traditional car rental companies, The Verge reported. The ridesharing firm is making the Volkswagen Atlas SUV and Volkswagen Passat sedan available at the rollout...
Uber has launched a new feature aimed at skiers and snowboarders called Uber Ski, according to a report. Starting on Dec. 17, the ride-hailing company will allow customers to order a ride with extra cargo space containing a ski or snowboarding rack. “[No two customers...
A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. Barclays analysts Jeffrey Meli, Adam Kelleher, Ryan...
The CEO of Bolt, an Estonian-based ride-hailing company, said his company is beginning to see profitability in most of the markets in which it operates, according to a report by CNBC. Markus Villig told the news organization that the company is close to breaking even...
India is considering a proposal to cap the commissions on app-based ride-hailing firms, such as Uber and Ola, to a total of 10 percent of the full fare, Reuters reported on Wednesday (Nov. 27), citing a draft document it reviewed. The move could reduce ride...
Uber’s rivals are looking to make their move in London as the rideshare giant is looking at a ban in the city. On Wednesday (Nov. 27), Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market —...
Uber was declared “not fit and proper” to operate in London — the ride-hailing company’s largest European market — and now has three weeks to appeal, according to a Monday (Nov. 25) statement from Transport for London (TfL). London regulators refused to renew the ride-hailing...
Although ride-hailing companies like Uber and Lyft strive to keep pricing strategies secret, a Chicago law requires the disclosure of fare data, Reuters reported on Tuesday (Nov. 26). Chicago has seen a significant increase in the cost of rideshares over the past year, although prices...
Ola, a ride-hailing company from India, said it’s going to be operational in London “in the coming weeks,” according to a report by TechCrunch. The news comes in the wake of rival Uber’s license revocation in the city by Transport for London (TfL). Ola has...
