Uber reached an agreement with New York City taxi drivers which resulted in sending the stock up for as high as 4% in a day!
Two taxi-hailing apps operated by Curb and Creative Mobile Technologies will integrate their software with Uber, allowing users to book taxi rides in the Uber app, the companies announced Thursday. Uber said it expects to launch the feature later this spring.
“This is a real win for drivers – no longer do they have to worry about finding a fare during off-peak times or getting a street hail back to Manhattan when in the outer boroughs,” said Guy Peterson, Uber’s director of business development in a statement.
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It also comes as Uber and other taxi-hailing apps are grappling with the shortage of drivers. ride-hailing companies have struggled to bring drivers back to full speed, after a sudden decline in the number of drivers after a pandemic.
Taxis are already available in the Uber app in other countries, including Spain, Germany, and South Korea.
