All hail Uber.
While shares of the ride-hailing company skidded after Uber Technologies Inc.
reported a $5.2 billion net loss in its second quarter on Thursday, there’s no denying that the car service has dominated in the biggest city in the country.
The data storytellers at Chartr illustrate how the number of Uber rides surged past New York city yellow cab rides in just six years, with Uber now picking up twice as many fares as the Big Apple’s iconic taxis. While Uber completed more than 500,000 rides this year, according to the chart, yellow cabs have picked up under 250,000.
Uber pickups surged past NYC Taxi fares for the first time in 2017, when Uber rides averaged 289,000 in July compared to 277,000 yellow cab trips, the New York Times reported at the time. That was mostly spurred by a high volume of outer-borough Uber rides in the Bronx, Brooklyn, Queens and on Staten Island, where residents were often under-served by yellow cabs. Uber made 167,194 total weekly outer borough pickups in August 2017, compared to 56,721 rides the year before.
Chartr credits Uber’s cashless payments, driver reviews and trip tracking for driving the ride-hailing service’s growth so quickly.
And while Lyft
rides still trail behind those of Uber and NYC yellow cabs, its trips have been increasing over since 2015 before reporting a dip this year. Uber rides have also climbed sharply since 2014 before a recent drop, while the NYC taxis have been declining overall since Uber hit New York City’s streets in 2011.
Still, it’s been a bumpy road for the ride-hailing services. Both Uber and Lyft have been hit with safety concerns after the high-profile cases such as the murder of a University of South Carolina student who entered a car that she thought was an Uber, but wasn’t, not to mention accusations and reports of harassment and assault committed by drivers for years.
California is considering legislation to require that Uber and Lyft treat their drivers as employees instead of independent contractors. And a recent report commissioned by Uber and Lyft found that the services are making traffic congestion worse in cities like San Francisco, Boson and D.C., rather than easing it they way they had initially promised.