Investing
Uber partners with California taxi operators to boost supply
© Reuters. FILE PHOTO: An Uber sign is seen at a shopping mall in San Diego, California, U.S., November 23, 2022. REUTERS/Mike Blake/File Photo
(Reuters) – Uber Technologies (NYSE:) is partnering with Los Angeles Yellow (OTC:) Cab and its affiliates to increase the supply of taxis on the ride-hailing giant’s platform, the company said on Tuesday.
Uber has been securing similar tie-ups in global markets including Europe and Asia over the last two years, deepening its ties with the private taxi industry that was whiplashed by the rise of ride-hailing startups more than a decade ago.
Under the new partnership, taxis associated with LA Yellow Cab and its five partner fleets will get bookings through the Uber app.
The six taxi companies – which include San Diego Yellow Cab, California Yellow Cab, Long Beach Yellow Cab, Fiesta (NASDAQ:) Taxi Cooperative and United Checker Cab – will add up to 1,200 cabs to the Uber platform.
Uber has staged a strong post-pandemic recovery thanks to a rebound in inter-city travel and higher market penetration than its closest rival Lyft (NASDAQ:).
When customers request a ride with UberX, they might get matched with a taxi, and will have the option to decline or get re-matched with a cab that is not a taxi. UberX fares will apply to these rides.
“We anticipate that this partnership will have a positive impact for our driver-owners as the pandemic recovery continues,” said William Rouse, CEO of Los Angeles Yellow Cab.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing5 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income5 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Passive Income6 days ago
Learn a New Language with This Fresh Approach