Uber Proposes 6% Pay Cut for NYC Drivers
The company wants the city’s Taxi and Limousine Commission, which sets minimum driver pay, to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360.
November 4, 2024Uber, Lyft Get Positive Ruling in California Labor Case
App-based ride-hailing and delivery companies like Uber and Lyft can continue to treat their California drivers as independent contractors, a state appeals court ruled March 13.
March 14, 2023Uber Considering Spinning Off Freight Logistics Division
Uber Technologies Inc. is exploring whether to spin off its Uber Freight logistics arm in a sale or as a separate publicly traded company to streamline its focus on ride hailing and food delivery, according to people familiar with the matter.
March 9, 2023Uber Revives Self-Driving Taxi Dreams, Plans to Start This Year
Uber Technologies Inc. inked a deal with Motional Inc. to offer driverless deliveries and rides, rekindling its vision of a self-driving taxi fleet nearly two years after it sold its autonomous vehicle division.
October 6, 2022Uber Soars After Beating Estimates as Ridership Defies Inflation
Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.
August 2, 2022Uber Sidesteps Lyft’s Debacle With Optimism Over Riders, Profit
Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage.
May 4, 2022Yandex Buys Uber Out of Food-Delivery, Self-Driving Venture
Yandex NV is buying out Uber Technologies Inc.’s shares in its food tech, delivery and self-driving businesses in an all-cash deal valued at $1 billion.
August 31, 2021Uber Taps SoftBank-Backed GoPuff to Expand Grocery Delivery
Uber Technologies Inc. will vastly expand grocery delivery in the U.S. this summer through a partnership with GoPuff, a fast-growing delivery startup and the owner of the liquor store chain BevMo!, the companies plan to announce May 4.
May 4, 2021Ryder, Uber Achieve Service Milestone
Ryder System Inc., which offers supply chain, dedicated transportation and commercial fleet management services, announced its 100,000th ride using Uber for Business to access transportation for drivers and technicians to and from both Ryder and customer locations.
June 19, 2020Uber-Grubhub Deal Hinges on Breakup Fee, Sources Say
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
May 29, 2020