ride-hailing

Uber Technologies Inc (NYSE: UBER) has decided to reintroduce its ride-sharing feature under a new name, UberX Share. What Happened: Uber has decided to reintroduce its ride-sharing feature after suspending the option in March 2020 due to the effects of the COVID-19 pandemic. The company will...

To view more FreightWaves infographics, click here. Image Sourced from Pixabay

What's a road trip without a little company? You could argue that rideshare drivers almost always have company on their trips — their passengers — but, well, they aren't always the best company. However, another breed of passenger will always have drivers' backs. Companion apps have long been a...

As people have become more comfortable leaving their homes again, major global economies and their industries are riding gains on the path to a return to normal. But ride-sharing companies Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT) seem to have been having trouble...

Uber (NYSE: UBER) is reportedly set to recognize the rights of drivers to unionize in the U.K., according to a report, in a similar arrangement to its deal with the Independent Drivers Guild (IDG) in the U.S. Bloomberg reported the ride-hailing giant is set to recognize GMB, a 620,000-plus labor...

The drive to electrify the nation's rideshare and on-demand delivery companies took a step forward on Thursday when the California Air Resources Board (CARB) approved a vehicle electrification plan for transportation network companies (TNCs). The board voted unanimously in favor of the mandate....

Last week, Uber Technologies Inc (NYSE: UBER) and Lyft Inc (NASDAQ: LYFT) showed they are seeing improvement in ride-hailing that was strangled by the COVID-19 pandemic. Uber Was Saved By Its Food Delivery Business Uber's first-quarter results come after it announced March was the best month in...

Lyft Inc (NASDAQ: LYFT) is selling its self-driving unit Level 5 to Toyota Motor Corp (NYSE: TM) subsidiary Woven Planet Holdings for $550 million in cash, the companies announced on Monday — a move that is expected to help the ride-sharing company hit its profitability target a...

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF)-backed Chinese ride-hailing company, Didi Chuxing, also known as the Uber of China, raised $1.5 billion debt from banks as it continues to evaluate a potential listing at a possible $100 billion valuation, Bloomberg reports. Didi...

Uber Technologies Inc. (NYSE: UBER) riders in London will now have the option to choose a fully electric vehicle for their journey instead of a hybrid, diesel or petrol car, according to a report by the Financial Times. What Happened: The ride-hailing service is offering the Uber Green service to...

Ride-hailing platform Lyft Inc (NASDAQ: LYFT) is expected to deliver a demand bounceback in 2021 as the coronavirus vaccine rollout accelerates to the masses by this summer and more companies resume work from the office and traveling picks up significantly, according to Wedbush Securities. The Lyft...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

Uber Technologies Inc. (NYSE: UBER) announced Tuesday that it has acquired Drizly in a $1.1-billion dollar deal. What Happened: Uber said will integrate Drizly into its Uber Eats app while contuinuing to offer services through the separate Drizly app. The approximate $1.1-billion bought deal...

Technology stocks have historically led market rallies, and this year has been no exception. The Technology Select Sector SPDR Fund (NYSE: XLK) has advanced about 40% year-to-date, with stocks levered to remote work and study making strong upward moves. As an unusual year draws to a close,...

Proposition 22 goes into effect this week in California. To cover the worker benefits under the state law, ride-hailing and delivery aggregators like Uber Technologies Inc (NYSE: UBER) and DoorDash Inc (NYSE: DASH) are hiking prices or introducing fees in California, ...