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| VIEW EVENT INFORMATION: Uber |
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NYC Extends Cap On Uber, For-hire Vehicles And Adds A ‘cruising Cap’ |
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Status: Available Now!
Type: News
Date: Wednesday 7 August 2019, 12:00 AM
Media: Curbed
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About the organization Uber:
Type: Business
Sub-Types: Website, Social Networking Agent, Transport, Application Software, Self-Driving Car, Car, Computer, Computer Software, Telecommunication, Telecommunication Software |
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Notable Organizations: Uber, Curbed
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| It’s official: New York City’s cap on the number of for-hire vehicles that can operate on its streets will continue—and a new provision will, in theory, limit the amount of time FHVs can spend idling without passengers.
NYC’s Taxi and Limousine Commission (TLC) voted unanimously to extend the original limitation on the number of licenses that can be issued; there are around 120,000 in use currently, more than double the number of licenses that had been issued five years ago. The agency also voted to enact a new “cruising cap,” which is intended to reduce the number of vehicles that roam throughout the city without passengers. According to the TLC, 41 percent of the time FHVs are on the road is spent idling; under the new provision, app companies will need to reduce that number to 36 percent within six months, and to 31 percent within a year. |
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