NYC to extend cutdown on ride-sharing vehicles moving sans passengers
Category: #headlines  By Mateen Dalal  Date: 2019-08-09
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

NYC to extend cutdown on ride-sharing vehicles moving sans passengers
  • NYC has agreed to extend its cap on Uber and Lyft.
  • The cut down has been made in order to study the impact of the ride-sharing industry.

New York City has reportedly announced its continuation on limiting the number of ride-sharing vehicles like Uber and Lyft moving without the passengers with an aim to study the impact of ride-sharing industry in the city.

It has been claimed that the cap has been extended for almost another 12 months.

As per credible sources, the NYC Taxi & Limousine Commission universally voted on the extension and forming a new rule around moving around the city, limiting the ride hail time of the drivers who loiter around the streets without customers during peak hours. The idea is to cut down on under-use of drivers and ease the traffic.

According to industry analysts, the hire-drivers spend over 40 per cent of their total work time driving down the streets waiting for the passengers. Under the new rule, which is expected to come into effect immediately, the ride-sharing vehicle companies will have to cut down the time to 36 per cent or below when driving during core weekday and weekend hours by February 2020. Also, by August 2020, the time needs to be further scraped down to 31 per cent or below.

It has been claimed that the monitoring changes in NYC could prove to be a classic example for other cities eager to lead in ride hailing companies that have increased traffic even with revolutionized transportation.

As per sources with the knowledge of the matter, Uber has reportedly raised an objection against the rules being made.

Harry Hartfield, spokesperson of Uber was reportedly quoted stating the company is worried about TLC’s rules which may cut the drivers’ ability to earn a living and is working with the stakeholders to limit the consequences for the drivers and riders.

Campbell Matthews, Lyft spokesperson reportedly stated that the company will continue to work to find better solutions for its riders and drivers despite all odds.

Source credit: https://edition.cnn.com/2019/08/07/tech/uber-lyft-nyc-limits/index.html

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

By Mateen Dalal

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9 billion f...

Tata Motors records 25% jump in global sales in second quarter of 2021

Tata Motors records 25% jump in global sales in second quarter of 2021

By Mateen Dalal

The automaker’s annual wholesale growth has been around 24%. The company saw a 10% rise in passenger car sales during Q2 2021, as compared to the same period in 2020. Tata Motors Limited reported substantial growth in Q2 2021, with its glo...

Carbon Budgets for corporate business travels to hit airlines: Report

Carbon Budgets for corporate business travels to hit airlines: Report

By Mateen Dalal

With major companies considering ways to reduce carbon emissions from corporate travel, airlines are preparing for a setback in business-class travel, which is an important revenue driver according to industry experts and executives. The airline ind...