SPA Pricing Education, Analytics & Decision Making Tools Webinar Series

Tag: Surge Pricing

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

Comfort hooks up with Ryde to offer taxi-booking service | TODAYonline

The other five taxi operators — SMRT Taxis, Prime Taxi, Premier Taxis, Trans-Cab and HDT Singapore Taxi — partnered third-party booking app Grab to launch dynamic pricing in March. Prices for JustGrab, the dynamic-pricing feature in the Grab app, will depend on factors such as real-time demand and supply, travel time and distance. On the […]

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 […]

Law Professor: Online Shopping Growth Has Upped Price-Fixing Threat | Tennessee Today

Law Professor: Online Shopping Growth Has Upped Price-Fixing Threat | Tennessee Today

Online retailers have long employed a dynamic pricing model that’s now making its way to traditional retail stores. Through the use of artificial intelligence software, retailers gauge when to raise or lower prices based on shoppers’ spending habits and when they are more likely to buy. This shift to implement pricing algorithms should raise concerns […]

Uber Changes Pricing, Starts Charging Us What They Think We’re Willing To Pay | SFist

Uber Changes Pricing, Starts Charging Us What They Think We’re Willing To Pay | SFist

An Uber spokesperson clarified to Endgadget, “We price routes differently based on our understanding of riders’ choices so we can serve more people in more places at fares they can afford.” Uber started doing up-front pricing last year, showing passengers exactly what fare they were charging based on the assumed route and ceasing to show […]

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Sydney commuters left stranded as bus driver strike continues to disrupt network | 9news.com.au

Commuters worried about Uber’s surge pricing during the strike can rest easy today, Uber Corporate Communications Lead Mike Scott told 9news.com.au. “We have let (the drivers) know demand is likely to be higher than normal today,” Mr Scott said. “We’ve seen consistent and reliable availability of cars.” Mr Scott said the average wait time for […]

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Surge pricing not taboo for Malaysia, Singapore | The Hindu

Driving integration Malaysia integrated 13 agencies under one body, the S.P.A.D., to drive integration of public transport. One of its mandates is to change the costly, rent-seeking character of its Pajak taxi license system. Under new laws to be in place by July, drivers would be strictly screened, but helped with financing to buy a […]

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 […]

4 Tips to Minimize the Impact of Shipping Surge Pricing | TotalRetail

4 Tips to Minimize the Impact of Shipping Surge Pricing | TotalRetail

Shipping costs continue to be the No. 1 reason for cart abandonment, and this new “surge charge” won’t help. There are steps you can take to minimize the impact of this new surge pricing and help you sleep at night: 1. Realize the everything in your agreement is negotiable. Standard carrier response will tell you […]

Technology has the power to improve how we haggle with dynamic pricing | The Globe and Mail

Technology has the power to improve how we haggle with dynamic pricing | The Globe and Mail

Uber is one of the first mainstream examples to use surge pricing to manage supply and demand. For example, it’s raining and I’m going to be late for a meeting. Demand for Uber goes up, prices surge, more drivers join the marketplace, increasing supply, and price drops again to meet demand. Beautiful, isn’t it? The […]