Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Lyft follows Uber in suing NYC over cruising time caps

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2019 | 08:29pm EDT
FILE PHOTO: A Lyft sticker is seen in a car windscreen in Los Angeles

(Reuters) - Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday.

The lawsuit, filed by the San Francisco-based ride-hail company on Friday, argues that the cruising rule is arbitrary and threatens to shift business away from ride-hailing companies like Lyft in favor of taxis.

"This rule is not a serious attempt to address congestion, and would hurt riders and drivers in New York," Lyft spokesman Campbell Matthews said in a statement to Reuters.

The "cruising cap" rule, implemented by the city's Taxi and Limousine Commission (TLC), sets a 31% limit on how much time drivers of app-based vehicles may drive without passengers in Manhattan south of 96th Street, meaning they would have to have fares at least 69% of driving time.

"We will vigorously defend against this suit, and we will continue to fight for safer, less congested streets and for drivers' rights," TLC spokesman Allan Fromberg said in a statement, but mentioned that the agency has not been served with the suit yet.

The rule, along with several others introduced last year, is aimed at reducing congestion in Manhattan, where ride-share vehicles make up close to a third of peak time traffic, according to the TLC.

Uber contested the rule in September along with another rule banning issuance of new licenses to for-hire vehicles through August 2020.

Uber and Lyft disconnected drivers from their apps at times of slow demand this year in an effort to comply with the city regulation.

Both companies oppose the new rules, saying they will prevent drivers from earning money and deprive low-income New Yorkers of ride services in remote areas where regular taxis do not travel frequently. The city rejects that claim.

(Reporting by Akshay Balan and Mekhla Raina in Bengaluru; Editing by David Gregorio)

By Akshay Balan and Mekhla Raina

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
07:22pCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : China's grain reserves sufficient for market supply, emergency response
PU
07:19pUAW calls Thursday meeting to update union leaders on GM strike talks - sources
RE
07:12pEXCLUSIVE : No choice but to invest in oil, Shell CEO says
RE
07:01pEurope's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network
PR
06:44pScrambling to limit damage, Trump tells Turkey to stop its Syria invasion
RE
06:42pSouthwest pilots say 737 MAX return may be delayed beyond Boeing's fourth quarter goal
RE
06:40pGoogle's fight against EU antitrust fine to be heard February 12-14 at EU court
RE
06:39pHouse panel 'strongly' urges Uber, Lyft to take part in hearing
RE
06:30pC Diff Foundation Raises Clostridioides difficile Awareness in St. Louis on Nov. 6-7 at 7th Annual International Conference and Health EXPO
SE
06:22pAMERICAN CRYSTAL SUGAR : 2019 Sugarbeet Crop Harvest Update
PU
Latest news "Economy & Forex"