In 2024, passengers are set to have the option to book black cabs through Uber. After longstanding tensions, a union for drivers said they “have no interest.”
Category: Uber Technologies Inc
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Uber Reports Record Ridership and Second Straight Quarterly Profit
Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income.
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A Start-Up’s Alternative to Uber: Employing Its Own Drivers
Alto is trying to fill a more expensive niche, especially as politicians and labor groups argue that the contractor model exploits drivers.
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Italy’s Government Takes Aim at Taxi Shortages
The government took steps this week to increase the supply of cabs after months of shortages, but critics say the problems with the industry run deeper.
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Uber Posts 14% Rise in Revenue as Growth Slows
The company’s growth decelerated as the rebound from the pandemic normalized and its freight business declined. It also swung to a profit.
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Air Taxis, Hyped for Years, May Finally Arrive by 2028
Federal regulators released a plan that would allow a new generation of small aircraft to transport people short distances.
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DoorDash, Shifting Business Model, Will Offer Drivers Hourly Pay
The company said the option would give couriers greater choice. It could also help DoorDash find people who will make less desirable deliveries.
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Saudi Investors and MBS Head to Paris, Looking for Deals
A contingent from the kingdom, including its powerful crown prince, are in the French capital looking to spend big on investments.
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Has ‘Gig Work’ Become a Dirty Word?
If work for companies like Uber and Lyft once carried some appeal for offering flexibility, the kind of labor it has come to represent is now used by some as shorthand for a raw deal.
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Minnesota Governor Vetoes Gig Worker Pay Bill
Gov. Tim Walz said the legislation would have raised costs for ordering an Uber or Lyft too high, potentially pricing out Minnesota customers.