Lime said Tuesday (Feb. 18) that it saw record demand in 2024 for the shared electric bikes and scooters it deploys in partnership with cities. Compared to 2023, the micromobility company provided 30% more rides, gained 31% more gross bookingsand earned 32% more net revenue,...
CellPoint Digital is bringing its payment orchestration offerings to the travel sector. The company’s new payment orchestration platform is designed to support the airline and travel space’s shift to “modern retailing practices” and simplify the complexity of travel payments, according to a Tuesday (Feb. 18)...
Carsharing marketplace Getaround and its HyreCar business are winding down their U.S. operations. Getaround will continue to provide carsharing services in its European markets, the company said in a Tuesday (Feb. 11) press release. “Despite significant improvements in overall profitability and extensive restructuring efforts, the...
Getting from point A to point B is the name of the game for the vehicle transportation space. Ironically, however, that journey can be one frequently bogged down by inefficiencies and disconnects. For years, the industry has struggled with fragmentation, outdated logistics systems, and opaque...
One of the key factors behind Lyft’s success in 2024 was its focus on enhancing driver satisfaction and improving service reliability. According to CEO David Risher, the company’s “customer obsession” drove this profitable growth. During the company’s fourth-quarter earnings call Tuesday (Feb. 11), Risher noted...
Planning and booking — and especially paying for — trips used to be a largely analog affair. Paper-based brochures and travel guides in hand, with excited phone calls to travel agents. Signed contracts, paper checks, navigating across everything from airlines to tour guides — it...
Lyft is reportedly aiming to bring autonomous robotaxis to its app as soon as next year. The service would launch first in Dallas with additional markets to follow, TechCrunch reported Monday (Feb. 10), citing comments from a company executive. As the report noted, the news...
Ridesharing company Lyft and artificial intelligence firm Anthropic said Thursday (Feb. 6) that they are working together to create AI products to serve Lyft’s riders and drivers. The first phase of the collaboration is already underway, with Lyft’s customer care AI assistant being powered by...
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce in Cruise, Bloomberg reported Tuesday (Feb. 4), citing an internal memo and unnamed...