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Tag: taxi pricing

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 […]

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 […]

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 […]

JustGrab much better since launch, say drivers, Latest Singapore News | The New Paper

JustGrab much better since launch, say drivers, Latest Singapore News | The New Paper

He used to ply the roads for passengers, receiving only about 10 bookings on GrabTaxi per day. Now, about a month after Grab launched JustGrab, Transcab taxi driver Kenn Lim is seeing a steady stream of bookings on the app, receiving more than 15 bookings per day on average. JustGrab, which launched on March 29, […]

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

ComfortDelGro opts not to introduce dynamic pricing | Singapore Business Review

It will instead adopt a flat fare structure. Authorities recently gave a go-ahead for taxi operators to introduce dynamic pricing for trips booked through mobile applications. ComfortDelGro has chosen not to introduce such scheme for now, and will instead adopt a flat fare structure for mobile bookings. According to a report from UOB KayHian, the […]

Slow start for taxi surge-pricing option, JustGrab | The Straits Times

Slow start for taxi surge-pricing option, JustGrab | The Straits Times

“I was surprised to see an SMRT cab pick me up because it’s usually private cars that come. I think surge pricing is going to become an inevitable part of the industry as consumers enjoy knowing the price of their ride upfront,” said the 44-year-old who usually books a private-hire car under Grab. Under JustGrab, […]

Brokers’ take | The New Paper

Brokers’ take | The New Paper

After numerous taxi companies, including ComfortDelGro (CDG), earlier this year submitted plans to the Public Transport Council (PTC) as they seek to introduce dynamic pricing of taxi fares (i.e. flat fee structure with no surcharges that is similar to the private hire cars’ fare structure), PTC and Singapore’s Land Transport Authority (LTA) on March 17 […]