US taxi commission approved first increase in metered fares since 2012
The potential for the additional cost to be passed down to riders comes at a time when prices are still at record highs. Picture: BLOOMBERG
“Such a significant fare hike, right before the holidays, would irreparably damage Uber’s reputation, impair goodwill, and risk permanent loss of business and customers,” Uber said in its suit. The company said the commission suddenly switched to a “volatile inflation index for a one-time increase that makes no sense, and that is a drastic departure from the commission’s past practice or any rational approach”.
Such a significant fare hike, right before the holidays, would irreparably damage Uber’s reputation, impair goodwill, and risk permanent loss of business and customers.The potential for the additional cost to be passed down to riders comes at a time when prices for ride-hailing are still at historical highs. The cost of an Uber ride was 37% higher in September compared with 2019, according to data analytics firm YipitData.
The 37% hike in fares since 2019 is going into Uber’s coffers, and not to the drivers, said Bhairavi Desai, executive director of the New York Taxi Workers Alliance.
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