Ridesharing

A recent study by the Global Business Travel Association revealed that while rental cars and taxis remain the most common forms of ground transportation used on business trips (36% and 24% respectively), ride sharing companies represent 11% of the market, just behind chauffeured transportation (13%).

Google’s Waze is testing a ridesharing service. Dubbed RideWith, the service will allow commuters to carpool and it’s starting the implementation in Israel. Should Uber be worried about the potential entry of what may be a formidable competitor?

In Ontario, a class-action lawsuit has been filed against Uber X, Uber XL on behalf of taxi and limo drivers, owners and brokers. Meanwhile, Alberta’s Superintendent of Insurance and the IBAO have warned Uber drivers to get more insurance.

The Waterloo region is the first one in Ontario to regulate ride sharing. “Under the new bylaw all Uber drivers would be required to have an auxiliary taxi driver licence, issued by the region. To be applicable for the licence, drivers would be required to have a GPS and a closed circuit television system installed in their vehicles, and commercial auto insurance policies for a minimum of $2 million.”

%d bloggers like this: