Tag Archive Business

ByCab4Now.com

Uber reveals plans for flying taxi to bypass road traffic congestion

Uber has unveiled plans for a flying taxi at the Consumer Electronics Show in Las Vegas. The ride-sharing company on Tuesday showed off a full-size mock-up of the electric plane concept vehicle created with South Korean carmaker Hyundai, as it seeks to fly above traffic rather than add to it.

Uber wants to offer aerial ridesharing, allowing a pilot and three passengers to take city trips of up to 60 miles at a speed of up to 180mph. Resembling a winged helicopter and featuring four propellers, Uber and Hyundai joined forces to design a personal air vehicle, or PAV, which can take off and land vertically.

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ByCab4Now.com

Uber: co-founder Travis Kalanick to resign from board of directors

Uber’s former CEO Travis Kalanick will resign from the board of directors of the US ride-share giant by the end of the year, the company said on Tuesday, effectively severing ties with the outfit he co-founded a decade ago.

Kalanick, who helped found Uber in 2009, stepped down from the company’s helm in June 2017 under pressure from investors, after a string of setbacks.

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ByCab4Now.com

With Uber’s future in doubt, how else might Londoners zip around town?

For London, Uber is not yet over. But last week’s decision by the capital’s transport authority to reject the global ride-hailing firm’s application to renew its licence has put its long-term prospects in doubt.

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ByCab4Now.com

Rival ride-hailing firms can steer TfL’s standards – why not Uber?

The sense of corporate self-entitlement at Uber is astonishing. The US ride-hailing service thinks it is “extraordinary and wrong” that it has lost its licence to operate in London, a statement that could be made only by a company that believes failure to follow rules should have no consequences.

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ByCab4Now.com

Uber loses licence to operate in London

Uber has lost its licence to operate private hire vehicles in London, after authorities discovered that more than 14,000 trips were taken with uninsured drivers.

Transport for London announced the decision not to renew the global ride-hailing firm’s licence at the end of a two-month probationary extension granted in September.

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ByCab4Now.com

Food delivery bike couriers in Australia being underpaid by up to $322 a week

Food delivery bike couriers are being underpaid by up to $322 a week compared with minimum rates of pay and superannuation in the transport award, according to new union statistics.

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