$0

No products in the cart.

Categories:

Uber introduces revamped shared rides offer in the US

Bookmark (0)
To login to your account click here.
HomeLatest Platform NewsSharing EconomyUber introduces revamped shared rides offer in the US

Uber Technologies Inc has said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing the previously high losses in the pooled rides segment.

Uber said the new shared rides option, which allows strangers to split a car traveling in the same direction, started piloting in Miami on Tuesday, with no firm plans yet for a US expansion.

Previous known as Uber Pool, the new UberX Share offers a 5% upfront discount compared to a regular ride, Uber said on its website. That is a more modest price reduction than Uber Pool rides, which in the past offered rides at as much as half the fare of a private ride.

Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip. They receive a minimum of $2 and up to 30% of the price in Uber credit if a co-rider joins.

Previously, passengers paid a pool rate regardless of whether they ended up sharing the ride. This allowed many passengers to book a discounted ride without ever having to actually share the trip. Chicago city data showed that some 25% to 40% of all requested shared trips did not end up being shared pre-pandemic.

Related article:
Uber launches feature in US to let customers reserve rides in advance

Shared rides only made up a small percentage of pre-pandemic rides and Uber in the past said it was losing “significant sums” due to heavy shared ride discounts.

Smaller US rival Lyft Inc in July resumed its shared rides offer.

Both companies halted the option in March 2020 to curb the spread of the novel coronavirus and both require drivers and customers to wear masks. They also limit shared rides to a total of two passengers who are requested to sit in the backseat.

The team at Platform Executive hope you have enjoyed the ‘[post_title]’ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Tina Bellon in Austin, Texas. Editing by Alistair Bell.

You can stay on top of all the latest developments across the platform economy, find solutions to your key challenges and gain access to our problem-solving toolkit and proprietary databases by becoming a member of our growing community. Platform Executive has two membership tiers, Community (FREE) and Premium ($195 per year), which offer different levels of access to our products and services.

Related article:
WhatsApp and PayPal invest in Indonesian super app Gojek