New York City votes to cap Uber, Lyft vehicle licenses

8 August 2018 - The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber Technologies Inc for one year, dealing a blow to the companies that have relied on the largest U.S. metro area for a major source of their revenue. The first such cap by any major U.S. city was part of a package of measures that also includes setting a minimum wage for drivers. The package, opposed by major ride-hailing companies, is aimed at reducing traffic congestion and increasing driver paychecks in the wake of the explosive growth of for-hire vehicles.

Reuters (2018), New York City votes to cap Uber, Lyft vehicle licenses, 8 August.

Metadata

  • Uber, Lyft
  • transport
  • On-location platform-determined routine work
  • United States
  • 2018
  • Article
  • legal issues
  • English
  • Reuters (Publisher)
  • Open access
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