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On its first quarter conference call, Hertz was candid about the impact of Uber and Lyft — as well as the unrealized revenue potential.
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The strike, planned ahead of Uber's Friday initial public offering, is being backed by the New York Taxi Workers Alliance.
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The minimum wage mandate, approved by the New York City Taxi & Limousine Commission, went into effect last year.
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Drivers who do not pass the yearly background check and continuous screenings will be prohibited from driving on the platform.
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Lyft's stock began trading on the Nasdaq on March 29 under the ticker "LYFT."
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The strike resulted from an Uber policy that slashed pay-per-mile by 25%, bringing the rate from 80 cents per mile to 60 cents per mile.
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The zones will first be designated in the Fenway neighborhood, near the dining and night life hubs.
Read More →The ride-hailing company also reported a loss of $911 million.
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Metro's board of directors is hoping that adding on a tax will discourage "single passenger" rides, and promote carpooling and public transit.
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