City’s new congestion tax puts burden on Uber and Lyft drivers

Overlooking Michigan Avenue at rush hour. (Kari McMahon/Medill)

By Kari McMahon Medill Reports On a recent journey downtown local Uber driver Matt collected a fare of $10 but said he only made $4 from it. The city, which began imposing a new congestion tax a month ago, made $3. Matt, who typically drives eight hours a night, said that working as a ride-hail […]

Uber targets profitability by the end of the year

An Uber in Chicago

By Kari Mcmahon Medill Reports Uber Technologies Inc., a ride-hailing company, reported a wider quarterly net loss, but its shares still rose as the company said it expected to meet their adjusted profitability target by the end of this year, a year earlier than previously estimated. Dara Khosrowshahi, CEO of Uber, said on the earnings […]