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Tag: Lyft

House set to vote for more regulations on Uber and Lyft | WTNH

House set to vote for more regulations on Uber and Lyft | WTNH

The bill would require Transportation Network Companies such as Uber and Lyft to register annually with the Department of Transportation; and have drivers submit to background checks, according to Connecticut’s Office of Legislative Research. In addition, it establishes insurance, operational, non-discrimination, accessibility, and alcohol and drug test policy requirements for TNCs. The bill includes provisions […]

Lyft envisions a future where you either carpool or pay to drive | The Verge

Lyft envisions a future where you either carpool or pay to drive | The Verge

Logan Green and John Zimmer, the co-founders of Lyft, have an idea for ending traffic, but you may not like it. They published an op-ed today on Medium called “The End of Traffic,” in which they propose encouraging more people to carpool by charging a fee to those who don’t. According to Green and Zimmer, […]

SEPTA strike’s silver lining: Uber, Lyft, and cabs are doing great | Philly.com

SEPTA strike’s silver lining: Uber, Lyft, and cabs are doing great | Philly.com

Uber and Lyft, unlike cabs, increase prices in response to added demand, and rush-hour travelers noticed. The Inquirer monitored Uber’s pricing every half-hour Tuesday and Wednesday for a ride from Eighth and Market Streets to Jenkintown with data provided directly from the ride-sharing company’s servers.  Prices surged as high as 2.5 times the normal rate during rush hour. The ride-hailing businesses […]

Dynamic Pricing Strategies And How To Grow Capacity In A Digital Market — Uber, Lyft And Walmart And The China Lessons | The Huffington Post

Dynamic Pricing Strategies And How To Grow Capacity In A Digital Market — Uber, Lyft And Walmart And The China Lessons | The Huffington Post

Market price matures in the Race to the bottom in digital pricing online With lower prices for customers the down side is even lower profit margins for the operators, this “race to the bottom” of the lowest price may be fought out to grab customers and market capacity. In the case of a wide choice […]

Lyft Secretly “Lifts” Cap from Surge Pricing | Tech News Today

Lyft Secretly “Lifts” Cap from Surge Pricing | Tech News Today

Ride companies such as Uber and Lyft are facing severe opposition from its customers over their surge pricing. In order to counter the problem, Lyft has finally removed its Prime Time service (similar to Uber’s surge pricing). The pricing strategy was quietly taken down by the company in January as CEO John Zimmer notified the […]

Karnataka nixes surge pricing by taxi-hailing apps like Ola, Uber | The Economic Times

Karnataka nixes surge pricing by taxi-hailing apps like Ola, Uber | The Economic Times

BENGALURU: Karnataka has stood firm on not allowing surge pricing for app-based ride hailing services such as Ola and Uber in its new policy for the tech-enabled taxi aggregators, turning down a major demand from them. The fare and other charges, the policy says, cannot be higher than the fare fixed by the government from […]

The Promise — and Perils — of Dynamic Pricing | Knowledge@Wharton

The Promise — and Perils — of Dynamic Pricing | Knowledge@Wharton

Mobile app developer Atom Tickets has market-tested dynamic pricing in movie theaters, flush from a $50 million investment round led by The Walt Disney Co., Lionsgate and 21st Century Fox. With more than four billion movie seats going unoccupied each year, translating to substantial lost revenue, the goal was to find a pricing mechanism to fill […]

Is Uber Trying To Kill Lyft With A Price War? | Forbes

Is Uber Trying To Kill Lyft With A Price War? | Forbes

When Uber announced earlier this month that it was slashing prices, it put Lyft in a bind. Last year, when Uber made the same move, Lyft kept its prices higher–and suffered for it, according to the smaller ride-hailing startup. This time, one week after Uber’s announcement that it was implementing price cuts in more than […]

Uber will cap NYC blizzard surge pricing | Business Insider

Uber will cap NYC blizzard surge pricing | Business Insider

Lyft’s version of dynamic pricing, called Prime Time, gets disabled when there’s a state of emergency. The company says it’s closely monitoring the impending blizzard, and is reminding its drivers to be extra careful in inclement weather. So far, there’s been no state of emergency declared in New York, and it’s not clear that there will […]

Need To Get Somewhere This Weekend? Good Luck To You | DCist

Need To Get Somewhere This Weekend? Good Luck To You | DCist

Happening, At A Cost D.C. cabs began charging their snow emergency fare this morning, which is a flat fee of $15 in addition to the price of your ride. Uber will be up-and-running, and has capped its surge pricing in the D.C.-area because of the state of emergency. There will still be surge pricing, but […]