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Uber shares jump on deal to offer taxi rides in New York in app

Yellow Taxis of New York

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Uber has reached an agreement to bring taxis to New York in its app.

On Thursday, the company announced that two taxi calling programs, run by Curb and Creative Mobile Technologies, will integrate their software with Uber, allowing users to book taxi rides in the Uber app. Uber said it expects to launch the feature later this spring.

News of the deal on Thursday led to a 4% rise in Uber shares.

“It’s a real win for drivers – they no longer have to worry about how to find a fare at off-peak times or get street hail back to Manhattan when they’re in the suburbs,” said Guy Peterson, Uber’s director of business development. statement. “And it’s a real win for riders who will now have access to thousands of yellow taxis in the Uber app.”

The agreement marks a significant shift for Uber, which since its inception in 2009 has faced opposition from traditional taxi services.

It also happens when Uber, Lyft and other travel companies are struggling with a shortage of drivers. After a sharp decline in travel due to the coronavirus pandemic, trucking companies are struggling to get drivers back at full speed, making travel more expensive.

Uber CEO Dara Khosravshahi last month spoke about plans to put more taxis in the Uber app outside of New York.

“I will tell you that we want every taxi in the world to be on our platform by 2025,” Khosraushahi told CNBC in an interview with Andrew Ross Sorkin.

Taxis are already available in the Uber app in other countries, including Spain, Germany and South Korea.

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Uber shares jump on deal to offer taxi rides in New York in app

Source link Uber shares jump on deal to offer taxi rides in New York in app

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