0

Some consumers are starting to prefer a shared, hailed ride over buying their own car, a study says. University researchers surveyed more than 1,200 people in Austin, Texas, to find out how their transportation habits changed after ride-hailing firms Uber and Lyft pulled out of the market after a May 2016 local election failed to […]

+ Read More
0

As the taxi industry continues being decimated by Uber and Lyft ride-hailing and ridesharing services, these and other mobility companies will begin seeing a wave of competition coming from automakers jumping into the race. Taxi and black-car operators have been sideswiped by Uber and Lyft in recent years as riders get to pay about half […]

+ Read More
0

Policymakers and executives from automakers and tech companies expect electrified, autonomous, shared mobility will see solid footing by 2040. The Institute of Transportation Studies at the University of California-Davis conducted a study with 40 experts on the subject from government and nonprofit organizations, and representatives from the auto and technology industries. About 70 percent of […]

+ Read More
0

Ride-hailing firm Lyft will be spreading its presence across the U.S. by adding 50 more cities. The announcement from Thursday follows one from the previous month about another 40 U.S. cities being added to the service network. Lyft says it’s all part of this year’s “massive expansion,” with the goal of providing millions more people […]

+ Read More
0

Market value will be enormous for the global mobility industry – about $5 trillion over the next decade, an industry executive said. Andreas Mai, who recently served as the director of smart connected vehicles at Cisco Systems, estimated that $5 trillion will come from autonomous vehicles, ride-sharing networks, and connectivity. Maj spoke Thursday during the […]

+ Read More
0

Google is launching a carpooling service in San Francisco that could take business away from ride-hailing leaders Uber and Lyft. Since May, Google has been testing out a carpool service using the Waze navigation mobile app for commuters to share rides to work, reports the Wall Street Journal. The system connects Waze riders with drivers […]

+ Read More
0

Uber lost $1.27 billion in the first half of 2016, with much of that coming from incentivizing drivers, unidentified sources told Bloomberg. On Friday of last week, Uber’s head of finance, Guatam Gupta, gave a financial report during a conference call. While not a public company, ride-hailing and ridesharing giant Uber has been holding financial […]

+ Read More
0

Uber is handing over its China operations to Didi in an acquisition deal that would end the battle between the two ride-hailing companies to dominate the market. Uber Technologies Inc. is selling its China operations to fierce rival Didi Chuxing, in a market that’s cost Uber $2 billion over the past two years in a […]

+ Read More
0

Uber drivers are earning much less than the $100,000 per year previously told to The Wall Street Journal. In November 2013, the company told The Wall Street Journal that its average driver earns $100,000 a year. While the company has backed away from that high figure recently, Uber chief adviser and board member David Plouffe […]

+ Read More
0

Owning a private vehicle may soon be a thing of the past in Helsinki. The Finnish capital is banking on a combination of public transportation and private services, such as ridesharing, to do so. “The city’s role is to enable that market to emerge,” Sonja Heikkilä, a transportation engineer who works for the Helsinki government, […]

+ Read More