Tag: Lyft

Three local cab companies form strategic partnership to challenge Uber, Lyft | Philadelphia Business Journal

Three local cab companies form strategic partnership to challenge Uber, Lyft | Philadelphia Business Journal

“With density, we could be really impactful,” Abibtol said. “It translates the most on the app. When you move that pin around the map and you put a pin anywhere and [a taxi] is a minute away.” “Now that our app is on par with those of TNCs, we can provide a similar service with […]

Grab and Uber offer discounts for Penang | The Malay Mail Online

Grab and Uber offer discounts for Penang | The Malay Mail Online

“Grab is not taking any commissions till further notice from rides generate from Penang so every fare goes back to the drivers’ pocket to support their welfare during this time,” he said. The ride hailing service will also not be implementing any surge or dynamic pricing at this period. In addition to that, Tiew said […]

Grab testing out a flat membership fee that will give riders ‘surge-free’ rates | TODAYonline

Grab testing out a flat membership fee that will give riders ‘surge-free’ rates | TODAYonline

While the promotions it regularly gives out help woo casual users, its latest idea could snare a lucrative segment of the market. For those who take taxis or private-hire vehicles to and from work, for instance, the S$50 price for the pass works out to under S$2 a day, based on a 30-day period. Whether […]

Why Dynamic Pricing Is The Way To Go For Ride-Hailing Services | swarajyamag.com

Why Dynamic Pricing Is The Way To Go For Ride-Hailing Services | swarajyamag.com

Gone are the days when prices of most commodities were fixed by the government. The introduction of big data has clearly helped many of the conventional organisations to adopt dynamic pricing. As the famous French Physiocrats said long ago, “Market will work for societal good if let alone.” Dynamic pricing works on the basis of […]

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

Sorry, Ald. Beale. Regulating Uber and Lyft surge pricing would hurt consumers. | Chicago Tribune

On the morning of Aug. 15, thousands of Red, Brown and Purple line commuters were left stranded after a dead body was found on the elevated tracks near the Fullerton station. Those who were able to summon Uber or Lyft cars on their smartphones were, in some cases, reportedly charged more than $100 for rides […]

Ask the editor: How does Uber and Lyft return affect Austin? | Community Impact Newspaper

Ask the editor: How does Uber and Lyft return affect Austin? | Community Impact Newspaper

The statewide law superseded municipal rules, such as Austin’s requirement for ride-hailing drivers to undergo fingerprint-based background checks. Uber and Lyft left Austin after the failure of a ballot proposition calling for looser regulations of the local ride-hailing industry. Under the December 2015 ordinance, an app-based ride-hailing company with dynamic pricing, also known as a […]

Ejercito: LTFRB, Uber and Grab all have fault | Inquirer News

Ejercito: LTFRB, Uber and Grab all have fault | Inquirer News

The senator earlier chided the LTFRB for cracking down on Grab and Uber, which he said “offer far better and more convenient services than regular taxis.” Instead of banning TNVS, Ejercito said the LTFRB should take action first on the complaints against the taxi drivers. “Kung ganito kayo kaingay at kadesididong patawan ng service ban […]

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

Uber’s New Pricing Scheme Weaponizes Big Data | Inc.com

While few people are likely to object to rich folk paying more than poor folk, Dave Sutton, of the public safety campaign Who’s Driving You? points out that “Uber’s new pricing scheme weaponizes its access to data against customers. It could be used to overcharge airport passengers late at night, the less-privileged in transportation deserts, […]

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

AI-powered dynamic pricing turns its gaze to the fuel pumps | The Register

Analysis “AI” could soon be making petrol more expensive at times of peak demand like the start of a bank holiday weekend or the school run. Danish data analytics company a2i touts fuel pricing as an ideal implementation of its learning algorithms. The company claims that PriceCast Fuel, its dynamic pricing product, can improve fuel […]

Uber’s new pricing model could upset drivers | Business Insider

Uber’s new pricing model could upset drivers | Business Insider

Uber has been experimenting with a new pricing method in several cities that uses machine learning algorithms to predict the amount a customer is willing to pay for a given ride, Bloomberg reports. Uber hopes to grow its revenue with this new “route-based pricing” system, as it continues to bleed money for rider discounts and […]