Rush hour in Singapore, a crowded island city of nearly 6 million people, is much like rush hour in almost every major city in the world: a living hell of clogged highways and stressed-out drivers. The dilemma, if left alone, will only get worse if, as is expected, Singapore adds a million more residents in the next decade. But city planners have no intention of leaving it alone. They have in mind a solution that is radical and all-encompassing: to replace car ownership with ride-sharing.
Ride-sharing services have revolutionized the way D.C. residents and visitors get to dinner, concerts and other events, and new awards from Lyft shed light on which properties are benefiting most. Lyft Wednesday announced its fourth annual Lyftie awards, given to the most-visited destinations in the city, and 14th Street and U Street were big winners.
Not every company can go up against the biggest kid on the playground and hold its own–but Lyft has done that and more.
The second-biggest ride-hailing company in America has faced cease-and-desist letters from local governments, lawsuits, and political and regulatory battles in addition to its never-ending mano-a-mano with chief rival Uber. But by September 2018, six years after Lyft launched, the San Francisco ride-hailing company, which is now valued at $15 billion with approximately 35 percent of the ride-hail market, announced it hit over 1 billion rides.
“If you look back to the first four or five years of Lyft, we were in survival mode–the odds were stacked against us. But now we’ve increased market share significantly, we’ve raised the resources to build out the team we need, and we finally have a year that we’re able to be in offense mode,” says John Zimmer, co-founder and president of Lyft.
The flying car — the stuff of sci-fi dreams for decades — could become a reality next year and spark the biggest disruption to urban life since the postwar baby boom and interstate highway system.
From “The Jetsons” to “Chitty Chitty Bang Bang,” “Blade Runner” and “Back to the Future,” the flying car has been pop culture’s ultimate symbol of the future. Now, aerospace giants like Boeing (BA) and Airbus(EADSY), Silicon Valley startups like Uber, and auto giants like Toyota (TM), Volkswagen (VWAGY) and Daimler (DDAIF) are racing to make short-range air travel part of daily life.
“It’s coming because it has to,” said Robin Lineberger, the leader of Deloitte’s Aerospace & Defense industry practice. “We have no more room on the ground to move cars around.”
- Lyft and health-tech company GreatCall have expanded their partnership on a ride-hailing service for seniors to the entire U.S. The service is designed to help older adults get to medical appointments, to the grocery store or just out for social activities.
- The partners have tested GreatCall Rides for the past two years in Arizona, California and Florida, as well as the Chicago and Dallas metro areas, according to Home Health Care News.
- Rather than using a smartphone app, customers can press “0” on their Jitterbug phones and tell an operator where they want to go, and a driver will pick them up just like with traditional ride-hailing services.