Uber Restarting Shared Rides In Some Major U.S. Cities

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Uber Restarting Shared Rides In Some Major U.S. Cities
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Uber announced on Tuesday it would be bringing back its shared ride service in certain U.S. cities after shutting down the program two years ago due to the Covid-19 pandemic.

on Tuesday it would be bringing back its shared ride service — where passengers can ride with others going in the same direction at a discount — in certain U.S. cities after shutting down the program two years ago due to the Covid-19 pandemic.... [+]

neighborhood of San Francisco, California, with red vehicle visible in the background parked on Market Street, October 13, 2017. SoMa is known for having one of the highest concentrations of technology companies and startups of any region worldwide. Shared Uber rides are now available in New York City, Los Angeles, Chicago, San Francisco, Phoenix, San Diego, Portland, Indianapolis and Pittsburgh, and Uber plans to expand to other cities later this summer, the company said.

The move comes as rideshare companies’ prices reach all time highs, due to the skyrocketing gas costs and a driver shortage. According to research firm YipitData, fares for companies like Uber and Lyft hit a record high in April, with average prices 35% higher than they were than pre-pandemic, the. The data also shows that both companies saw 20% fewer riders and reported 35% fewer trips in the first quarter than three years prior.50%.

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