Uber witnesses a decrease in wait times as drivers return to work

By Nikita Chaurasia  Date: 2021-06-02

Uber witnesses a decrease in wait times as drivers return to work
  • Ride costs increased by 40% in April amid driver shortage.
  • Hourly driver earnings surged by 85% with some U.S. drivers earning more than USD 40 per hour.

American ridesharing technology company Uber Technologies Inc. has recently announced that drivers have been returning to its platform, leading to a considerable decrease in passenger wait times.

Reportedly, active driver hours increased by 4.4% increase in the week of May 17th as compared to the previous week.  In total, the company stated that 33,000 drivers enrolled in its U.S. platform during this week.

Most of these drivers had stopped working in 2020 due to a lack of customers and health concerns. This resulted in high booking costs and wait times for customers who then took the complaints online.

While Uber refused to provide a comparison between the number of drivers on its platform now and in the pre-pandemic period, the company reported 209,000 quarterly drivers through December 2019 in California alone, cited credible sources.

Carrol Chang, Uber’s Head of Canada and U.S. Driver Operations was quoted saying that drivers are returning to the Uber platform to benefit from higher earnings opportunities available to them.

To restore its driver base, the California-based company undertook Covid-19 vaccine partnerships and had stated in April that it would invest USD 250 million to offer payment guarantees to its drivers and increase their earnings. The ride-hailing giant further encouraged the drivers to make the most of the incentives before pay falls to pre-COVID-19 levels.

With the driver shortage in April due to the ongoing covid-19 pandemic, Uber ride costs increased by 40% and hourly driver earnings surged by 85%, enabling some U.S. drivers to make more than USD 40 per hour, cited knowledgeable sources.

Source Credits –

https://www.autonews.com/mobility-report/uber-sees-gradual-return-us-drivers-modest-decrease-wait-times

 

 

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Netflix confirms producing fictionalized version of Spotify’s ascension

Netflix confirms producing fictionalized version of Spotify’s ascension

By Nikita Chaurasia

Over-the-top content streaming & production giant Netflix Inc. is reportedly working on an untitled series that tells the story of one of the most successful music streaming companies, Spotify Ltd. The six-part series, already listed on Netflix,...

Edtech Byju’s is now India’s highest-valued startup at USD 16.5 billion

Edtech Byju’s is now India’s highest-valued startup at USD 16.5 billion

By Nikita Chaurasia

Byju’s, the largest education technology company, has emerged as India’s highest-valued startup after a USD 340 million funding round involving investors such as UBS Group, Blackstone, and Zoom founder Eric Yuan among others. Recently, B...

LiDAR maker Hesai Photonics secures USD 300 million in Series D funding

LiDAR maker Hesai Photonics secures USD 300 million in Series D funding

By Nikita Chaurasia

Hesai Photonics Technology Co. Ltd., a leading Shanghai-based LiDAR company, has reportedly secured USD 300 million in a Series D funding round which was led by GL Ventures LLC, Xiaomi Corporation, Hillhouse Capital Group, Meituan, and CPE. The roun...

Tesla terminates production of its Model S Plaid + variant indefinitely

Tesla terminates production of its Model S Plaid + variant indefinitely

By Nikita Chaurasia

CEO Elon Musk justified Model S Plaid as good enough against its successor. The Model S Plaid + was touted to be Tesla’s flagship vehicle, with a range of around 519 miles. After unveiling for the first time last year, American EV maker T...

ByHeart concludes largest U.S. clinical trial for infant food product

ByHeart concludes largest U.S. clinical trial for infant food product

By Nikita Chaurasia

ByHeart Inc., a New-York based infant, and baby nutrition company, has recently announced the completion of the largest clinical trial for new infant formula in the past 25 years. With this move, the company is earmarked to be the 4th FDA registered,...