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The announcement comes on the heels of the British Columbian government's recent approval of regulations, licensing, and insurance measures for ride-hailing companies.
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Management will host an investor conference call at 2 p.m. PDT Wednesday to discuss HyreCar's second quarter 2019 financial results, provide a corporate update, and conclude with Q&A from participants.
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The bill, which passed the General Assembly unanimously last month, makes impersonating a ride-hailing driver a crime, among other provisions.
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The cap was originally implement last August, in an effort to address growing traffic congestion in the city, as a one-year ban on new vehicle licenses.
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The study, commissioned by Uber and Lyft themselves, exposes the ride-hailing congestion problem - and it's worse than we thought. However, Uber says the scale "is dwarfed by that of private cars and commercial vehicles."
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The ride-hailing industry will experience further growth over the next five years, but this growth will level off, according to analysis from Statista, a German research portal.
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ReachNow announced it will no longer be offering its services in three major cities effective immediately. This comes after ReachNow enters a merger under BMW and Daimler AG.
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The Chinese mobility company has opened its ride-hailing platform to three carmakers. The move is one of many in the fluid market in which carmakers now have access to growing their own ride sharing services through Didi’s user base.
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The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
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The Shanghai Urban Transportation Bureau will be paying special attention to problems such as overcharging, refusing rides, detouring, and tampering with taxi meters.
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