May 26, 2022

If you cannot disturb them, will you join them? Once the taxi system was poised to become obsolete, Uber made a deal to list all taxis in New York on its app. Later this spring, New York City drivers will be able to hail a cab through the Uber app, helping the company deal with driver shortages and rising fares.

Uber spokesman Conor Ferguson said: “Our partnerships with the taxi industry look different around the world, and looking at the next five years, we are confident that there is no world where taxis and Uber exist separately.” Email gaming-updates. “Both sides have a lot to achieve. Taxis help us open up new markets. In fact, it is now our staple in places like Hong Kong and Turkey.”

The partnership works by integrating Uber’s software with existing taxi software from companies such as CMT and Curb, which operate 14,000 taxis in New York City. According to a Wall Street Journal report, the fare for a taxi through Uber will be the same as a regular Uber X. Taxi drivers picking up Uber passengers will be charged the same fee as standard Uber drivers – their payment is determined by the minimum fare for Uber. time and distance. But Uber uses different metrics to calculate rewards than taxis. This way, taxi drivers can see their estimated earnings before accepting an Uber passenger, a courtesy that Uber doesn’t extend to its existing drivers. Uber is taking about 20% of the fare, according to investor reports, but Uber hasn’t disclosed the terms of its deal with the New York City Taxi and Limousine Commission, such as how much of the discount is deducted from taxi rides.

Taxi drivers around the world have protested against the practices of companies like Uber. In France, the company once suffered losses by poaching customers and drivers from existing infrastructure. This general pattern of building up debt to drive down prices continued until the company posted a modest profit in the third quarter of 2021 despite a $2.4 billion loss. The decision to partner with taxi drivers abroad has been a success — Uber has partnered with taxi companies in Spain, Colombia, Austria, Germany, South Korea, and elsewhere — so it’s no wonder the company does it best. major US markets. ,

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