Sunday, June 20, 2021
Home Technology Uber Sees Gradual Return of US Drivers, Modest Decrease in Wait Times

Uber Sees Gradual Return of US Drivers, Modest Decrease in Wait Times


Uber said on Tuesday drivers were gradually returning to its ride-hailing platform, allowing for a modest decrease in passenger wait times as the company seeks to take advantage of a post-pandemic return in travel demand.

Uber said the week of May 17 marked a new record for drivers returning to the road since the start of 2021, with active driver hours increasing 4.4 percent from the previous week.

Overall, Uber said 33,000 drivers joined its US platform during the week of May 17. Most of them had stopped working last year over health concerns and a lack of customers.

Uber declined to say how that number compared to pre-pandemic times, but in California alone Uber reported 209,000 quarterly drivers through the end of 2019.

“With the economy bouncing back, drivers are returning to Uber in force to take advantage of higher earnings opportunities from our driver stimulus while they are still available,” said Carrol Chang, Uber’s head of US and Canada driver operations, in a statement.

Getting drivers on the road quickly is crucial for Uber’s efforts to recoup revenue and achieve its target of adjusted profitability by the end of the year.

The company also faces customers who complain online about long wait times and high booking costs.

Uber has tried to lure drivers back through COVID-19 vaccine partnerships and said in April it would invest $250 million (roughly Rs. 1,820 crores) to boost driver earnings and offer payment guarantees.

Including those incentives, median hourly driver earnings in several US cities exceeded $35 (roughly Rs. 2,550) before tips, Uber said. The company has urged drivers to take advantage of the incentives before pay drops to pre-COVID-19 levels as more drivers return to the platform.

© Thomson Reuters 2021


It’s an all television spectacular this week on Orbital, the Gadgets 360 podcast, as we discuss 8K, screen sizes, QLED and mini-LED panels — and offer some buying advice. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.



Source link

RELATED ARTICLES

How to Book COVID-19 Vaccine via Paytm App

Looking for an easy way to book COVID-19 vaccine? You can use Paytm. The Paytm app can help you book COVID-19 vaccine...

How to Transfer Contacts From Android to iPhone

Switching from an Android phone to an iPhone can be a daunting experience. It's a whole different ecosystem, one that is more...

How to Play YouTube Video in Picture-in-Picture Mode on iOS

iPhone or iPad users can enjoy YouTube videos in picture-in-picture mode, just like Android devices. You don't need to have the YouTube...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Saudi Aramco representative may be on Reliance board? – Times of India

NEW DELHI: Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board...

How to Book COVID-19 Vaccine via Paytm App

Looking for an easy way to book COVID-19 vaccine? You can use Paytm. The Paytm app can help you book COVID-19 vaccine...

SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares – Times of India

MUMBAI: The Securities and Exchange Board of India (SEBI) has directed PNB Housing Finance to stall the proposed preferential issue of shares worth...

How to Transfer Contacts From Android to iPhone

Switching from an Android phone to an iPhone can be a daunting experience. It's a whole different ecosystem, one that is more...

Recent Comments