Don"t let Uber and Lyft take you for a ride
This year’s most anticipated IPOs will hinge on whether investors believe the ride-hailing companies can stop burning money......»»
: Most Uber and Lyft trips will have to transition to electric vehicles in this decade, California declares
California is the first state in the nation to require that nearly all the miles traveled by ride-hailing drivers take place in electric vehicles by 2030......»»
CTA, Metra, Uber and Lyft say riders are coming back. But who needs a ride if you’re working from home?
Most CTA, Metra and Pace riders said they expect to return after the pandemic, but with an increase in telecommuting the transportation agencies expect .....»»
With ride-sharing curbed during the pandemic, Uber and Lyft try new routes to profitability
Uber and Lyft have racked up tens of billions of dollars in losses, but cost-cutting and shifting focus from moving people to delivering food has helped them weather the pandemic downturn. Each could finally make a profit .....»»
Capitol Report: Uber and Lyft set records in annual spending on Washington lobbying
Uber and Lyft spent record amounts on Washington lobbying in 2020, a year in which the ride-hailing companies had the attention of the U.S. Labor Department......»»
Gov. Baker carves up $16.5B transportation bill with vetoes
Fees on ride-hailing services such as Uber and Lyft will not increase in Massachusetts after Gov. Charlie Baker vetoed a new proposed fee structure while signing a $16.5 billion transportation bond bill......»»
Alto enters Los Angeles ride-hailing market amid Prop 22, AB 5
CEO Will Coleman on how Alto is different from Uber and Lyft, why the company chose Los Angeles as its next market, and what challenges it faces here......»»
Cost Cuts, New Debt, More Competition Threaten Lyft Stock
Lyft could be in for a rough ride with new debt and declines in ridership, while rival Uber looks to food delivery to bolster its bottom line......»»
Coronavirus pandemic causes Via ride-share service to temporarily shut down in Chicago
Via, the smallest of the city’s three ride-share providers after Uber and Lyft, has temporarily suspended its Chicago operations due to the coronavirus pandemic. Ride-share services nationwide have seen sales drop fall due to the .....»»
Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers......»»
California is suing Uber and Lyft, accusing the ride-hailing companies of misclassifying their drivers (UBER, LYFT)
Megan Hernbroth/Business Insider California lawmakers filed a lawsuit against Uber and Lyft on Tuesday. A consortium of city attorneys from the state's largest cities accused the firms of misclassifying their workers as contractors in .....»»
California sues Uber, Lyft for misclassifying drivers as independent contractors
California and its biggest cities are suing ride-hailing giants Uber Technologies Inc. and Lyft Inc. for misclassifying their drivers as independent contractors instead of employees in violation of .....»»
Uber, Lyft investors want to hear plans to get riders back in cars
As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?.....»»
Lyft to continue service at Sky Harbor despite new fees; Uber still undecided
Ride-hailing company Lyft said new fees at Phoenix Sky Harbor International Airport won’t stop it from offering service there, but Uber has yet to decide what it will do. The new fees are coming after the Arizona Supreme Court unanimously rule.....»»
COVID-19 crisis cuts Uber, Lyft ride business by over 50%, The Information says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
AZ Supreme Court: Phoenix allowed to raise rates on Uber, Lyft for airport runs
The Arizona Supreme Court ruled Thursday the city of Phoenix is able to increase fees for ride-hailing companies such as Uber and Lyft when they operate at Phoenix Sky Harbor International Airport. The court ruled unanimously on the matter. The .....»»
Coronavirus exposes U.S. Uber, Lyft drivers" lack of safety net
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours......»»
Coronavirus exposes Uber, Lyft drivers" lack of safety net
As independent contractors, U.S. ride-hail drivers for Uber and Lyft benefited from soaring trip demand and flexible work hours......»»
How Cutting Costs Keeps Uber and Lyft Ahead of the Curve
Why are these ride-sharing rivals Uber and Lyft making a run in the midst of this coronavirus pandemic? At one of them, things look to be turning around......»»
Uber and Lyft suspend shared rides due to COVID-19; stocks decline despite market rebound
Ride-hailing rivals Uber Technologies Inc. and Lyft Inc. suspended shared-ride services Tuesday as COVID-19 spreads across the world, and their stocks dipped despite a rebound for the markets overall......»»
Uber, Lyft suspend pooled rides in U.S., Canada to limit spread of coronavirus
Uber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus......»»