Author: Joe

Why Uber is driving up prices

Why Uber is driving up prices

Uber warns of higher prices and longer wait times following Toronto’s decision to freeze new licences and increase fees.

This is what’s happening to the market now: higher prices and more frustration. Let’s talk about why you’re seeing this and what you can do to help.

Some companies are trying to drive up prices

Uber is getting the worst news yet. On July 3, Transport Minister Phillip Liu announced that Uber, the popular ride-sharing network, would be deregulated, allowing it to enter the city’s taxi market. Uber’s entry into the passenger market caused the city to consider licensing taxis as well, as per their original plan.

Uber, which was created by Travis Kalanick in 2009, started by charging fares of $1 per minute, with a daily base fare of $10. As time has passed, Uber has been adding more features to its service, including booking trips and receiving feedback from users.

Uber announced the introduction of a “pool” option where passengers are picked up and dropped off right next to each other (without having to pay for a car ride). This came as a surprise to traditional taxi drivers who thought that Uber would kill the industry.

However, this new “pool”-type feature only applies in Toronto, according to the Canadian Press ($). For other cities, Uber is still charging for trips and is still not allowed to book passengers. If you’re going to be picked up in a taxi, Uber still charges a flat $1.25 per minute.

Meanwhile, the average time it takes to order a taxi from Uber has gone down since 2016, from 2.3 minutes to 2.1 minutes, according to an Uber spokesperson, though this increase is much smaller than the increase it saw between 2014 and 2015.

In my last piece on Toronto’s taxi issue, I wrote about how Uber has been trying to get

Leave a Comment