The median price of an Uber and Lyft ride in the U.S. rose 7.2% in 2024 and the rideshare companies risk a dropoff in demand if prices continue to increase, a report found.
Ride-hailing drivers for Uber and Lyft are forming cooperatives as many try to increase their earnings and fight for transparency.
How do you get to Boston's Logan Airport? If you want to take an Uber or Lyft, it could soon cost you even more.
To raise funds for infrastructure projects, the agency that oversees Logan Airport may soon increase the surcharges it places on ride-hailing companies that ferry passengers to and from the terminals.
The intense competition Lyft Inc. faces from rival Uber Technologies Inc. is threatening to pressure its margins, according to one analyst who has become the lone bear on the stock.
The transit agency in Charleston S.C. has for years offered older residents vouchers for discounted Uber and Lyft rides, but now that the program's become popular cutbacks are coming.
Despite the slight weakness in bookings guidance, we see the platform headed in the right direction,” said Canaccord Genuity analyst Michael Graham, “And think the significant valuation disparity between LYFT and UBER should close partially over time.
It’s possible that someone might have another fulltime job, but they moonlight as an Uber or Lyft driver one or two days each week. In a time when many individuals have side hustles, this kind of a setup can work as well.
Lyft said it was expecting gross bookings between $4.05 billion and $4.20 billion in the first quarter, below estimates of $4.26 billion. Uber also projected bookings below estimates for the same period last week.
State Senate panel foresees easy path for bill to protect Uber, Lyft from product liability lawsuits
A bill to shield ride-hailing companies from product liability lawsuits earned unanimous support from a South Dakota legislative committee. The Senate Judiciary Committee took up that legislation, Senate Bill 166,
Drivers for Lyft and Uber are creating cooperatives - or co-ops - to combat lost wages aligned with company, state and city policies.
Atlanta Uber and Lyft drivers went on strike at Hartsfield-Jackson Atlanta International Airport. They have demanded higher wages, benefits and job security.
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