Lyft News

Brake Complaints Cause Lyft to Replace 3,000 Electric Bikes in 3 Cities

Lyft Inc. is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem, the ride-hailing company said on Sunday. “We recently received a small number of reports …

Sponsor of S.C. Bill Requiring Lighted Uber Signs Say Just First Safety Step

A lawmaker sponsoring a bill in South Carolina requiring Uber, Lyft and other ride sharing drivers to have a lighted sign said he knows it isn’t a foolproof way to keep riders safe. But Rep. Seth Rose said it is …

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 …