Sign In  |  Register  |  About Pleasanton  |  Contact Us

Pleasanton, CA
September 01, 2020 1:32pm
7-Day Forecast | Traffic
  • Search Hotels in Pleasanton

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Uber expands pooled ride option to five more cities

Uber, which had a strong start to the 2023 fiscal year, is expanding its ride share program to five more cities as it tries to pull in more users to its platform.

Uber on Wednesday announced it's expanding its ride-share program to five more cities as it tries to garner more users as the ride-sharing competition between it and Lyft heats up. 

UberX Share will be expanded to Baltimore, Miami, Nashville, Philadelphia and Washington, D.C. "in the coming weeks," Shin-Pei Tsay, the head of Cities & Transportation Policy at Uber, said in a post. 

The company re-launched the program in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis and Pittsburgh last summer after briefly pausing in 2020.

UBER CEO SAYS LYFT VYING WITH UBER 'SETS UP A COMPETITIVE MARKET'

The company said it had been "revamping" its pooling option after spending "months of listening to driver and rider feedback," according to Tsay. 

"We are now launching UberX Share, I would say, in the right way with economics at work. We are aligning incentives between the rider and the driver and ourselves in terms of pricing as well," Uber CEO Dara Khosrowshahi told investors during its first quarter earnings call Tuesday. 

With UberX Share, riders will get an upfront discount. However, if they are matched with a co-rider, they can save up to 20% on the total trip cost, according to Tsay. 

UBER SHARES JUMP ON RIDE, DELIVERY GROWTH

The company also touted that combining rides cuts down on gas usage and vehicle-miles, which will effectively make "transportation more affordable" for drivers. 

Uber is also only matching riders that are going in the same direction in order to avoid delays. Riders won't arrive more than eight minutes later than if they chose a UberX ride, Tsay said. 

The company plans to launch the program in more cities "soon" though it didn't offer a specific timeframe.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Before the Wednesday announcement, the company had already been off to a strong start for the year. 

During an earnings call on Tuesday, Uber CEO Dara Khosrowshahi said first-quarter gross bookings for trips were up 40% and delivery was up 8% compared with the same period last year. 

Meanwhile, trip growth and rider engagement reached a post-pandemic high, Khosrowshahi added. 

FOX Business' Joe Toppe contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photography by Christophe Tomatis
Copyright © 2010-2020 Pleasanton.com & California Media Partners, LLC. All rights reserved.