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The bill, which Gov. Bill Haslam signed into law on May 20, appears to block traditional cab services from incorporating app-based hailing of cabs into their business models and also sets up insurance requirements.
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Tech-enabled ride-hailing services like Uber and Lyft already appear to be acting as a complement to public transit. Uber analyzed its Los Angeles trip data to in this light. Over the course of a month, Uber found that 22 percent of trips taken near Metro stations took place during rush hour (between 7 a.m. and 10 a.m. and 4 p.m. and 7 p.m. Monday through Friday). This data could be telling us that people are using Uber like they might use bikeshare, as a last-mile and first-mile connection to transit.
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The bill would create a new license for TNCs, including companies like Uber and Lyft, making it mandatory to pay a $5,000 fee, conduct background checks on drivers and maintain at least $1 million in liability insurance in order to operate in Wisconsin.
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Services like Uber and Lyft would have to apply for permits, provide proof of insurance of up to $250,000 per incident and drivers would have to have vehicles inspected and have clean driving and criminal background histories.
Read More →The district attorneys of San Francisco and Los Angeles on Thursday accused the companies of violating California business law and threatened an injunction on its service following a joint investigation, according to a letter reviewed by The Wall Street Journal.
Read More →Uber, Lyft and other similar brands, are keen to expand their user bases by offering ridesharing services at competitive prices.
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Additionally, the study found that ride services both complement and compete with public transit.
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With costs averaging 30 to 40% less than solo rides, the shared services may compete with public transit as well as car ownership,
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Would generate a 10-cent fee on every ride originating in Seattle with uberX, Lyft, Sidecar, nonwheelchair-accessible taxis and for-hire companies, and pour that money into a fund.
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State officials accused the company of acting in bad faith by concealing plans to operate in the city and say Lyft has violated several insurance laws, including illegally acting as an insurance provider and soliciting New York drivers.
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