NYSE: UBER

No holiday for delivery firms as fuel prices remain elevated

Fuel prices hurting delivery firms

As fuel prices have surged in the U.S., last-mile delivery companies have been put in a precarious position. Some have tried to implement surcharges to cover the added costs, while others already had surcharges in place for this scenario. But with fuel prices doubling in some areas in less than two weeks’ time, even surcharges will take time to recoup some of that increase.

In the last week, Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have announced surcharges, and DoorDash (NYSE: DASH) has...

https://www.freightwaves.com/news/no-holiday-for-delivery-firms-as-fuel-prices-remain-elevated

Uber to acquire remaining share of on-demand grocer Cornershop

Uber to acquire Cornershop

Uber Technologies (NYSE: UBER) is acquiring the remaining shares in Cornershop, an on-demand grocery delivery platform. According to a Securities and Exchange filing this past weekend, Uber will acquire the remaining 47% of the company it doesn’t already own.

Cornershop CEO Oskar Hjertonsson confirmed the news on Twitter Monday morning.

“When building your future with someone … at some point you gotta go all-in!” he tweeted.

1 When building your future with someone… at some point you gotta go...

https://www.freightwaves.com/news/uber-to-acquire-remaining-share-of-on-demand-grocer-cornershop

How rideshare drivers can hit financial home runs in a time of need

Last week, residents of New York City were provided a new option for getting around with the launch of Drivers Cooperative, a driver-owned rideshare service.

The company is not the first rideshare service to take on the big two of Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER), and it likely won’t be the last. The Drivers Cooperative promises to take a smaller commission from fares than either Lyft or Uber, offer lower rates for riders and ensure drivers make more money.

In 2019, another rideshare...

https://www.freightwaves.com/news/how-rideshare-drivers-can-hit-financial-home-runs-in-a-time-of-need

Do gig workers want to be employees? It depends who you ask

In the last few weeks, there have been surveys that suggest that rideshare drivers and other independent contractors would rather have full-time employment – except for those who don’t.

The employment status of these workers has been much debated and will continue to serve as the centerpiece of future legislation at the state level and in Washington. How a society and its political leaders can reach a conclusion that satisfies these workers and the companies that pay them may be one of the most...

https://www.freightwaves.com/news/do-gig-workers-want-to-be-employees-it-depends-who-you-ask

Activist investor group takes aim at DoorDash CEO Tony Xu

Investor seeks change to DoorDash board

CtW Investment Group has written a letter to DoorDash (NYSE: DASH) shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors.

Xu is the co-founder, chairman and CEO of DoorDash and the only board member up for reelection during the company’s upcoming shareholder meeting, set for June 22.

“As a recently IPOed company, DoorDash has failed to provide a governance framework that holds its board accountable to all its shareholders,” the letter stated. “DoorDash’s...

https://www.freightwaves.com/news/activist-investor-group-takes-aim-at-doordash-ceo-tony-xu

Uber nears deal with UK labor union

Uber nears deal with UK labor union

Uber (NYSE: UBER) is reportedly set to recognize the rights of drivers to unionize in the U.K., according to a report, in a similar arrangement to its deal with the Independent Drivers Guild (IDG) in the U.S.

Bloomberg reported the ride-hailing giant is set to recognize GMB, a 620,000-plus labor union that represents drivers, delivery workers and more in the U.K., allowing drivers using the platform to collectively bargain for rights.

GMB was one of the unions that supported the recent U.K....

https://www.freightwaves.com/news/uber-nears-deal-with-uk-labor-union

California to require electric vehicles for most Lyft, Uber drivers

The drive to electrify the nation’s rideshare and on-demand delivery companies took a step forward on Thursday when the California Air Resources Board (CARB) approved a vehicle electrification plan for transportation network companies (TNCs).

The board voted unanimously in favor of the mandate.

Under the Clean Miles Standard, 2% of all TNC trips must be in elective vehicles (EVs) in 2023 and that ramps up to 13% by 2025, 50% by 2027 and 90% by 2030. The rule requires TNCs to submit two-year plans...

https://www.freightwaves.com/news/california-to-require-electric-vehicles-for-most-lyft-uber-drivers

What if there are no gig drivers?

Rideshare companies looking for drivers

“I’m so over hour long waits in the city for Uber eats, because they say they can’t find a delivery driver. Ummm if your whole business model is based on delivery and your demand is exceeding supply, maybe pay your drivers more? Just a hunch.”

That tweet from @thisari88 on Saturday perfectly sums up the frustration that has been percolating through social media accounts in recent weeks as Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), DoorDash (NYSE: DASH) and the rest of the app-based gig companies...

https://www.freightwaves.com/news/what-if-there-are-no-gig-drivers

Arrival taps HERE Technologies for electric-van routing

Arrival chooses HERE for navigation software

The routing of electric vehicles is extremely critical to maximize miles due to range limitations. Go too far out of route and that vehicle may not make it back to the depot at the end of the day.

Arrival (NASDAQ: ARVL), which has burst onto the scene with its electric delivery vans, buses and soon-to-be-developed cars, has chosen HERE Technologies to solve that routing complexity.

“We are extremely proud to be partnering with Arrival on tackling the challenge of our times – zero-emissions...

https://www.freightwaves.com/news/arrival-taps-here-technologies-for-electric-van-routing

Lyft, Uber execs strike balance in reaction to withdrawal of gig worker rule

Executives from Lyft (NYSE: LYFT) and Uber (NYSE: UBER) were under the microscope this week during their Q1 analyst earnings calls, and while they struck diplomatic tones around the regulatory environment surrounding gig workers, other stakeholders did not hold back.

“The decision by the Department of Labor to rescind the final independent contractor rule is disappointing as it disregards the will of individual workers, who greatly value the flexibility inherent in independent work,” said the...

https://s29755.pcdn.co/news/lyft-uber-execs-strike-balance-in-reaction-to-withdrawal-of-gig-worker-rule

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