established minimum pay for the city’s 80,000 ride-share drivers based on how much time they spend transporting passengers. Second, to ensure minimum pay requirements are met for New York Uber and Lyft drivers. The rules are aimed at reducing congestion in Manhattan, where ride-share vehicles make up close to a third of peak time traffic, according to the TLC. Non-compliance can result in fines or even the inability to operate in the city. Starting in February, ride-share companies have to reduce cruising rates by 5% and later by 10%, down from currently 41%. New rules cap the number of app-based, for-hire cars and limit the time drivers spend “cruising” – driving to or waiting to pick up new passengers. ![]() Reuters reports that New York City’s Taxi and Limousine Commission (TLC) introduced the new rules for two reasons. New York Uber drivers are being locked out of the app at times of low demand, in order to comply with new regulations in the city…
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