BLOOMBERG: Drivers strike today after a 15 percent fare cut.
Last week Uber Technologies Inc., the ride-hailing leader, reduced its uberX rates in New York City by15 percent. A trip from Midtown to LaGuardia Airport is now $37.12, compared with $43.67 before.
The lower fares mean drivers don’t have as much down time between trips, said Matthew Wing, an Uber spokesman. Over the weekend, drivers spent 39 percent less time without a fare and as a result saw a 20 percent increase in hourly earnings compared with two weekends earlier, Wing said.
