Tag: Predatory Pricing

Fare control makes it difficult to get a ride | BusinessWorld

Fare control makes it difficult to get a ride | BusinessWorld

As a result, after the acquisition, ride requests reached 600,000 per day on average, making it difficult for everyone — even previous Uber users — to get a ride. Second, price and surge control. Even when Uber was operational, LTFRB put a cap on surge pricing on both Uber and Grab to 2x, later down […]

App cabs propose surge limit | Telegraph India

App cabs propose surge limit | Telegraph India

Calcutta: App cab companies have said in response to a query from the state government that maximum surge in fare will be 2.9X – 2.9 times the base fare. While Uber has stated that “it proposes to self-regulate the dynamic pricing multiplier between 1.9 and 2.9X”, Ola has made it clear that its maximum dynamic […]

Uber proposes measures to regulate pricing mechanism | Money Control

Uber proposes measures to regulate pricing mechanism | Money Control

Cab aggregator Uber today proposed measures to address concerns expressed by the West Bengal government over its fare policy, including “self-regulation” of dynamic pricing to minimise impact on riders. The West Bengal Transport Department, based on complaints from users on exorbitant fares during peak hours, had reportedly sent a 30-point questionnaire to Uber and another […]

Saskatoon city hall ponders trying to recoup ride-sharing costs | Saskatoon StarPhoenix

Saskatoon city hall ponders trying to recoup ride-sharing costs | Saskatoon StarPhoenix

City council could approach regulating ride-sharing companies the same way it tackled marijuana retail stores — with fees high enough to cover the city’s expenses. Council’s transportation committee voted Wednesday to study the cost of regulating ride-sharing companies like Uber and Lyft, with an eye on recovering that money through fees. Council on Monday imposed […]

PIL seeks intervention of HC to arrest surge pricing of app cabs | millenniumpost

PIL seeks intervention of HC to arrest surge pricing of app cabs | millenniumpost

The PIL was filed by advocate Soumya Shubro Roy, in the division bench headed by Chief Justice Jyotirmay Bhattacharya. Roy had prayed before the high court to come up with some measures to bring the app cabs under the ambit of the Motor Vehicles Act, so that they cannot levy high tariffs upon passengers whenever […]

E-commerce firms deeply engaged in predatory pricing | Freelance Web Designer HK

E-commerce firms deeply engaged in predatory pricing | Freelance Web Designer HK

Traders’ body CAIT on Monday expressed apprehension over the commerce ministry not taking any action on the e-commerce issues and its detrimental impact on the country’s retail trade. The Confederation of All India Traders (CAIT) took a strong view against e-commerce platforms for indulging in “deep discounting and loss funding thereby violating FDI Policy 2016 […]

Uber cab service increases fares in Egypt after recent fuel price hikes | Xinhua Net

Uber cab service increases fares in Egypt after recent fuel price hikes | Xinhua Net

CAIRO, June 18 (Xinhua) — Peer-to-peer ride hailing company Uber increased Monday its fare prices in Egypt to compensate for the recent hike in local fuel prices. “With events like the most recent fuel price increase a slight adjustment to our prices was made to ensure that your drivers continue to make a sustainable living […]

Mayor vetoes bill that sought to limit ‘surge pricing’ for ride | Hawaii News Now

Mayor vetoes bill that sought to limit ‘surge pricing’ for ride | Hawaii News Now

HONOLULU (HawaiiNewsNow) – Honolulu Mayor Kirk Caldwell vetoed a bill Tuesday that would have made Honolulu the first city in the nation to cap how much private transportation companies — like Uber and Lyft — can charge during peak hours. Caldwell says the bill, which was passed the city council earlier this month, fell short […]

Taxis decry ‘unlevel playing field’ in city ride share rules | 650 CKOM

Taxis decry ‘unlevel playing field’ in city ride share rules | 650 CKOM

Among the differences between the two industries in the proposed regime: Ride sharing wouldn’t require an in-car camera, while taxis do Ride sharing base fares would start at $3.10 — taxis start at $3.75 Only taxis would be able to stay at taxi stands and pick up street hailers Individual ride share drivers wouldn’t be required […]

Uber is experimenting with letting riders wait longer for a cheaper fare | Quartz

Uber is experimenting with letting riders wait longer for a cheaper fare | Quartz

Good things come to those who wait for their Uber. The ride-hailing company has started testing a feature that gives riders the option to trade a shorter wait for a cheaper fare. “Prices are lower at 17:00,” Uber recently advised an Uber employee who requested a ride in Berkeley, California, and tweeted a screenshot of […]