Tag: Dynamic Pricing

Uber charges Toronto rider $14,400 for a 20-minute rush hour ride | cnet

Uber charges Toronto rider $14,400 for a 20-minute rush hour ride | cnet

Only after Kennard took to social media did Uber cop to its mistake and refund the ride. “There was an error, and we have provided a full refund. We sincerely apologize to this rider for his experience. We have safeguards in place to help prevent something like this from happening, and we are working to […]

Uber and Lyft to Refund Users Who Paid Price Surge Trying to Escape NYC Following Bombing | Breitbart

Uber and Lyft to Refund Users Who Paid Price Surge Trying to Escape NYC Following Bombing | Breitbart

Uber and Lyft will refund passengers who were forced to pay higher fares while trying to escape New York City following the attempted terrorist attack on Monday. According to Jalopnik, Uber and Lyft fares “skyrocketed” following the attempted attack, but “Uber eventually turned off surge pricing in the surrounding area of midtown Manhattan, where the explosion took […]

After a Midtown Blast, Ride-Hailing Prices Spike, Briefly | The New York Times

After a Midtown Blast, Ride-Hailing Prices Spike, Briefly | The New York Times

As the supply of subways and buses vanished around Times Square during the Monday morning rush, the demand for cabs increased. The result: fare increases from Uber and Lyft, whose algorithms automatically adjust price based on the volume of requests. Reaction from riders was swift. Ride-hailing app companies, they said, were profiteering off a terror […]

MLB clubs increasingly relying on analytics to generate revenue: club executive | Yonhap News

MLB clubs increasingly relying on analytics to generate revenue: club executive | Yonhap News

“Most of the work to date has focused on ticket sales, utilizing buyer data, past sales information, pricing, and survey work to ultimately help us more effectively market and sell tickets,” he said. “We are looking to expand analytics into its own department, with multiple employees dedicated strictly to the pursuit of securing, analyzing, and […]

Uber ‘charge £149 for a 10 mile trip after price surge because of snow’ | The Sun

Uber ‘charge £149 for a 10 mile trip after price surge because of snow’ | The Sun

UBER users in Birmingham were left fuming after they were offered cabs for more than four times the normal rate after a surge due to the bad weather. … An Uber spokeswoman said: “Our app uses dynamic pricing which means that fares automatically increase when the demand for cars in a specific area is greater […]

Is Wal-Mart Making Another Fashion Faux Pas? | The Motley Fool

Is Wal-Mart Making Another Fashion Faux Pas? | The Motley Fool

No fashion sense A decade ago, Wal-Mart sought to keep pace with rival Target and its trendy clothing lines by launching fashions from Max Azria, Norma Kamali, and other designers. The retailer’s aspirations even went so far as to cause it to open an office in the middle of Manhattan’s fashion district. Not surprisingly, it […]

Still have questions about the new I-66 toll lanes? We’re here to help. | The Washington Post

Still have questions about the new I-66 toll lanes? We’re here to help. | The Washington Post

How are the tolls set? With the dynamic pricing system, tolls are adjusted every six minutes according to traffic conditions to keep traffic free-flowing. Tolls increase as congestion rises and decrease as congestion lessens. The toll price is displayed on electronic signs before a driver enters the lanes. Because the toll prices are based on demand, it […]

New tolling on I-66 ends its first week with lower prices Friday | The Washington Post

New tolling on I-66 ends its first week with lower prices Friday | The Washington Post

On Friday, Day 5 of a new tolling system along Interstate 66 inside the Beltway, prices were lower during the morning rush hour than earlier in the week. Friday morning’s toll, which varies based on demand, peaked at about $14.50 — considerably less that the $40 mark hit earlier in the week. Since the tolls debuted, the pricing system […]

Uber deal inadequate to turn ComfortDelGro around: Analysts | Singapore Today

Uber deal inadequate to turn ComfortDelGro around: Analysts | Singapore Today

Tying up with a sizeable operator like ComfortDelGro also helps Uber counteract its rival Grab’s “grip on the other smaller taxi companies”, said Asst Prof Fan. In March, five taxi operators — Trans-Cab, SMRT Taxis, Premier Taxis, Prime Taxi and HDT Singapore Taxi — joined hands with Grab to roll out JustGrab, a fixed-fare service […]

Express lanes set to open on Veterans. They’re free — for now. | tbo.com

Express lanes set to open on Veterans. They’re free — for now. | tbo.com

TAMPA — Drivers on the Veterans Expressway will gain an extra lane from Gunn Highway to Hillsborough Avenue starting Saturday. But there’s a catch: Once drivers enter the lane, they won’t be able to leave it — not until a designated exit about six miles later. PREVIOUS COVERAGE: Veterans Expressway to gain higher priced express […]