Uber is shuttering its self-driving trucks unit, a beleaguered program borne out of the company’s controversial multi-million acquisition of Otto nearly two years ago. The company said Monday the Uber Advanced Technologies Group will stop development of self-driving trucks and instead focus its efforts on self-driving cars. “We recently took the important step of returning to public […]
New York just became the first city in the nation to cap the number of ride-sharing vehicles on its streets and require Uber, Lyft, and other companies to pay drivers a minimum rate.
The New York City Council approved a package of bills Wednesday that includes implementing a one-year freeze on new for-hire vehicle licenses as the city explores ways of reducing traffic congestion.
Supporters of the law, including Mayor Bill de Blasio, said it will ease gridlock and improve wages. But critics said...
New York City Council passed regulations on ride-hail companies such as Uber and Lyft on Wednesday, capping the number of vehicles on the road for one year and requiring that drivers be paid a minimum wage.