Lyft News

IPO-Bound Lyft Tells Investors Lowering Insurance Costs Is Priority

Lyft Inc. executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company’s initial public offering set for next week. Reducing …

Lyft, Uber Shift Some Risk to Captive Insurers

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors …

Uber and Lyft Could Reach 31M Trips in Seattle This Year

The two ridesharing giants provided more than 91,000 rides in the Seattle, Wash. area on an average day in the second quarter of this year. The Seattle Times reports Uber and Lyft are on pace to provide more than 31 …

Ridesharing Workers of Gig Economy: What Census Numbers Show

How big is the gig economy? The answer depends on how one defines “gig economy.” Because there is no broadly accepted definition and no straightforward way to classify workers or jobs as “gig” or “not gig,” this report will focus …

Hawaii to Allow Rideshare Operators at Honolulu Airport

Hawaii will allow ridesharing services to operate at the Honolulu airport on a permanent basis after changes were approved to administration rules. Uber and Lyft, which the state refers to as transportation network companies, have operated at the Daniel K. …

NYC Mayor Signs Bill Capping New Ride-Hail Licenses

New York City, the largest American market for Uber, has become the first U.S. city to regulate the growth of app-based rides. Democratic Mayor Bill de Blasio on Tuesday signed a bill placing a temporary cap on new licenses for …

With Pot Shops Opening Soon, Massachusetts Warns About Driving High

In anticipation of the first recreational marijuana stores opening within Massachusetts in the coming weeks, state officials Wednesday stepped up warnings to motorists about the risks of driving while stoned. A new public education and enforcement campaign announced by Republican …

New York City Votes to Cap Uber, Lyft Vehicle Licenses

The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber for one year, dealing a blow to the companies that have relied on the largest U.S. metro area for a …

Gig Firms Want California to Override Court Ruling

Leading gig economy companies including Uber and Lyft are quietly lobbying California’s top Democrats to override or undermine a court ruling that could make many of their contract workers into employees. In April, the California Supreme Court issued a far-reaching …

City Council Aims to Make New York First U.S. City to Cap Uber, Others

New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber and others, which warned that those living in far-flung neighborhoods will suffer most. The City …