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According to the mutual agreement, Yestock will provide car rental-purchase or leasing services to full-time drivers on the DiDi platform.
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Various subscription and pricing models have been rolled out for testing, including all-access passes for 30 standard Lyft rides for $199 per month, 60 standard rides for $399 per month, and $300 per month.
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In a blog post, Uber Chief Economist Jonathan Hall cited previous studies that found Uber drivers make wages closer to $13.04 per hour after expenses, compared to the $3.37 per hour found by the MIT paper.
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The study also found that 30% of ride-hailing drivers are losing money once vehicle expenses are included.
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The carsharing platform currently operates in 29 states across the country.
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KAR Auction Services acquires mobility and fleet management software company Stratim, expanding the company's presence in on-demand carsharing and ride-hailing services.
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Certify's annual review of business expense trends shows that car rental represented 25% of overall transaction volume in ground transportation in 2017. National Car Rental was the most expensed and top-rated brand in 2017, according to Certify data.
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The Hytch Rewards app will track and pay drivers and passengers who carpool in Tennessee.
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The International Car Rental Show expands its tent to recognize new business models — and invites new operators to gain market intelligence, best practices, and business contacts to increase business sustainability.
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Customers can choose from three service levels: economy, business, and first class.
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