Latest news with #UberShuttle
Time of India
19-05-2025
- Business
- Time of India
Uber to offer logistics services through ONDC network
Uber is set to introduce B2B logistics through the ONDC network, initially focusing on food deliveries before expanding to other sectors like e-commerce and healthcare. This move follows similar initiatives by Ola and Magicpin in the food and beverage segment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Ride-hailing company Uber is set to roll out B2B logistics through the government-backed Open Network for Digital Commerce (ONDC) network, offering on-demand delivery service to service will begin with food deliveries and later extend to sectors such as ecommerce, grocery, pharmaceuticals, and healthcare logistics, the company said on rival Ola and hyperlocal ecommerce startup Magicpin are already active in the food and beverage (F&B) segment on ONDC. Magicpin's quick delivery offering, MagicNow, currently accounts for 13% of all food delivery orders on the platform, with plans to increase this share to 20% in the coming also provides logistics-as-a-service through the ONDC network Uber had earlier entered the food delivery business in India with Uber Eats, but it sold its operations to food delivery platform Zomato for around $350 million (Rs 2,485 crore) in has also partnered with ONDC to offer metro ticket booking through its app, starting with Delhi Metro Rail Corporation (DMRC) service will soon be extended to three more cities in India, said Prabhjeet Singh, president of Uber India & South Asia, without disclosing further details.'ONDC's protocol, which is now live, scaled, tested, and reliable, enables us to use it to go live with DMRC faster, with a far more reliable infrastructure, and make it available at scale much quicker than we could have otherwise,' he metro tickets on the Uber network will also attract new customers to the platform, Singh Jain, acting chief executive and COO of ONDC, said, 'As a global platform, Uber's initial enablement of metro ticketing and logistics unlocks new possibilities — from seamless multimodal journeys to unifying a fragmented logistics ecosystem.'Jain was appointed as acting CEO of ONDC last week following the resignation of former CEO T Koshy on April recently partnered with ONDC , enabling commuters to book metro tickets through several consumer apps including Rapido and Namma mobility segment of ONDC has seen steady growth, alongside an increase in the logistics sector. In February, ONDC recorded 8.1 million transactions in the mobility category, marking a 47% rise from 5.5 million orders in October which competes with Ola Cabs, Rapido, and others, currently offers ride-hailing services on four-wheelers, autorickshaws, two-wheeler taxis, and buses operated under Uber Shuttle, in addition to hyperlocal deliveries. Earlier this month, it launched Courier XL , a service that expands its logistics product Courier, to enable deliveries of large ET had reported that ride-hailing app Rapido is in talks with restaurateurs to introduce food delivery as a service on its platform, with a pilot programme expected to launch soon in which operates in more than 125 cities across India, has over 1.4 million monthly active drivers in the country, making it the company's third-largest market. According to Uber's chief technology officer Praveen Neppalli Naga, the platform facilitated over a billion trips across India in saw its operating revenue in India grow by 41% in the fiscal year ended March 31, 2024, to touch Rs 3,762 crore. The company managed to reduce its losses on the back of an improvement in its ride-hailing services and growth in its support and service operations.
Time of India
19-05-2025
- Business
- Time of India
Uber partners with ONDC to offer metro ticket booking service
Live Events Ride-hailing company Uber has partnered with the government-backed Open Network for Digital Commerce ( ONDC ) to offer metro ticket booking through its app, starting with Delhi Metro Rail Corporation ( DMRC ) service will soon be extended to three more cities in India, said Prabhjeet Singh, president of Uber India & South Asia, without disclosing further is also set to roll out B2B logistics through the ONDC network, which will allow businesses to access on-demand logistics from Uber's delivery network without maintaining their own fleet. The service will begin with food deliveries and later extend to sectors such as ecommerce, grocery, pharmaceuticals, and healthcare ET had reported that ride-hailing app Rapido is in talks with restaurateurs to introduce food delivery as a service on its platform, with a pilot programme expected to launch soon in Bengaluru.'By enabling metro tickets on the Uber network, we are fulfilling the needs many of our existing customers have already expressed,' said Singh, adding that this will also attract new customers to the which competes with Ola Cabs , Rapido, and others, currently offers ride-hailing services on four-wheelers, autorickshaws, two-wheeler taxis, and buses operated under Uber Shuttle, in addition to hyperlocal this month, the company launched Courier XL , a service that expands its logistics product Courier, to enable deliveries of large goods.'ONDC's protocol, which is now live, scaled, tested, and reliable, enables us as Uber to use it to go live with DMRC faster, with a far more reliable infrastructure, and make it available at scale much quicker than we could have otherwise,' Singh added. 'Because of this, we can now go online in multiple other metro systems even more rapidly.'Uber, which operates in more than 125 cities across India, has over 1.4 million monthly active drivers in the country, making it the company's third-largest market. According to Uber's chief technology officer, Praveen Neppalli Naga, the platform facilitated over a billion trips across India in saw its operating revenue in India grow by 41% in the fiscal year ended March 31, 2024 to touch Rs 3,762 crore. The company managed to reduce its losses on the back of an improvement in its ride-hailing services and growth in its support and service recently partnered with ONDC, enabling commuters to book metro tickets through several consumer apps, including Rapido and Namma mobility segment of ONDC has seen steady growth, alongside an increase in the logistics sector. In February, ONDC recorded 8.1 million transactions in the mobility category, marking a 47% rise from 5.5 million orders in October 2024.'As a global platform, Uber's initial enablement of metro ticketing and logistics unlocks new possibilities — from seamless multimodal journeys to unifying a fragmented logistics ecosystem,' said Vibhor Jain, acting CEO and COO at ONDC. Jain was appointed as the acting CEO last week following the resignation of former CEO T Koshy on April 9.
Time Out
12-05-2025
- Time Out
Uber is making it a lot cheaper to get to JFK from Manhattan
NYC-area airports have been having a rough time as of late—don't even get us started on the Newark drama lately —but at least it looks like it will be a lot cheaper to get to John F. Kennedy International Airport going forward, thanks to Uber. As you may remember, the ride-hailing company first launched its shared airport shuttle service back in October 2024, giving New Yorkers a more seamless—and, at just $18 per ride, inexpensive—way to travel between Manhattan (with stops at Grand Central, Port Authority and Penn Station) or Downtown Brooklyn (City Point Mall, Atlantic Terminal) and LaGuardia Airport in Queens. And now that service is graciously being expanded to that other Queens-based airport: Travelers can take advantage of $25 flat-rate shared shuttle rides from various pick-up locations in Manhattan and Brooklyn to John F. Kennedy International Airport with the JFK Airport Uber Shuttle. As of press time, the shuttle is operating to and from Terminals 4 and 5 at JFK, which service airlines such as Delta, Virgin Atlantic, JetBlue, Aeroméxico, China Airlines, Air Europea and KLM, among other. As with the LGA option, you can reserve your JFK-bound seat using your Uber app and choose from pick-up spots like Grand Central Terminal and Port Authority in midtown Manhattan, Chinatown (the corner of Canal Street and Lafayette Street, to be exact) in downtown Manhattan and Atlantic Terminal in downtown Brooklyn. Upon entering the shuttle, passengers will need to validate their reservation with the driver via a QR code and unique PIN. Travelers can book up to four seats on Uber shuttle (up to seven days ahead of their departure date) right on the Uber app; and as with the airplane they will eventually be boarding, each rider is permitted to bring one personal item (which must fit on their lap or under their seat) and one piece of luggage (carry-on or checked bag) weighing up to 50 pounds (22.5 kilograms) aboard the shuttle. Happy travels!
Yahoo
22-04-2025
- Business
- Yahoo
Uber is launching a shuttle bus service at the Atlanta airport
Uber is launching Uber Shuttle bus service to Atlanta's Hartsfield Airport. The low-cost option will initially charge riders just $10 each way and will not top $18.50, the company says. Service will begin in May. Uber is expanding its options for people flying out of the Atlanta airport. The ride-share service will launch its Uber Shuttle service at Hartsfield-Jackson Atlanta International Airport in May. This follows the introduction of routes to JFK and LaGuardia airports in New York City some time ago. The shuttle will be considerably cheaper than a solo Uber. Early riders of the shuttle will pay just $10 to get to the airport. That price will increase, the company said, but will never be more than $18.50. Passengers will be able to book up to five seats one week before their departure. The shuttle will run every 30 minutes from 6:00 a.m. through 10:00 p.m. seven days a week. Uber has not yet said where the shuttle will stop, however. (Passengers can also take the shuttle back to wherever those locations will be when they return home.) The focus on Atlanta travelers comes as Uber and Delta Air Lines kick off their previously announced ride-share partnership. Beginning today, Delta Sky Miles members will be able to early points for every dollar spent on Uber Eats orders, Ubers to the airport and premium and/or reserve trips. Later this year, SkyMiles members who log in to Delta Sync Wi-Fi will receive a special offer for reserving an Uber ride when they land. 'Our new partnership with Uber not only expands the value of loyalty and makes it easier than ever for our Members to get rewarded,' Prashant Sharma, vice president of loyalty at Delta, said in a statement. This story was originally featured on
Yahoo
16-03-2025
- Business
- Yahoo
2 Brilliant Growth Stocks to Buy Now
The stock market has had a bumpy start to the year, with the S&P 500 down about 6% year to date at the time of writing. While it can be unnerving to watch your investments lose value, market volatility is the price investors have to pay to experience large gains down the road. That said, here are two growth stocks offering compelling value right now. Shares of Uber Technologies (NYSE: UBER) have given investors a wild ride since the company's initial public offering in 2019. The important thing is that more people are using Uber's services than ever before. Strong growth has pushed the stock up 182% since 2022, yet it still trades at a modest price-to-earnings (P/E) multiple that undervalues Uber's future growth. Uber continues to see more people use the platform for ride-sharing and food delivery. In the fourth quarter, its monthly active platform consumers grew 14% year over year to 171 million. Uber will face increasing competition as Tesla prepares to launch its Cybercab robotaxi service, but Uber's competitive position looks solid. The Uber One membership has 30 million subscribers, up 60% year over year. Plus, 37% of customers are using multiple services, an all-time high. Uber is making its platform more essential for millions of people needing a ride (or delivery). It is now offering Uber Shuttle at LaGuardia Airport, in addition to partnering with Delta Air Lines to be its exclusive ride-share and delivery partner in the U.S. It also launched an autonomous ride-hailing service in Abu Dhabi with WeRide and has already started to operate an autonomous vehicle fleet in Dallas and Austin, Texas, for food delivery. Uber is bringing more innovation and services to consumers while delivering excellent financial results. Revenue grew 18% in 2024, while operating income more than doubled to $2.8 billion. These are strong results for a stock trading at a 16 P/E. That's cheap compared to the S&P 500 earnings multiple of 28. Analysts expect further improvement in margins to grow earnings per share at a 35% annualized rate over the next several years. Uber investors could be looking at spectacular returns by 2030. Sticking with the theme of innovative platforms disrupting old ways of doing things, Airbnb (NASDAQ: ABNB) has become a go-to platform for people looking for a place to stay while traveling. The stock is offering good value following another year of double-digit growth for the company. It's possible investors could double their money in five years based on where management is investing to drive more growth. Management has recently made several upgrades to the Airbnb service based on customer feedback, including offering more flexible payment options and improvements to the app. Revenue grew 12% in 2024, which Airbnb earns from service fees. Airbnb has achieved massive scale, with 491 million nights and experiences booked last year. Still, management sees plenty of growth potential. The $81 billion in total gross bookings last year is mostly generated from Airbnb users that may use the app once or twice per year. Management is looking to expand to other experiences and services to increase the frequency in which people turn to Airbnb, and in turn, expand its revenue opportunity. To accomplish this goal, management plans to launch at least one new service per year over the next five years. This could potentially increase revenue per user, expand profit margins, and fuel shareholder returns. The growth potential from stretching to adjacent opportunities to travel may not be fully reflected in the stock's valuation. While Airbnb could experience weaker growth in a recession, Wall Street analysts expect earnings to grow at an annualized rate of 14% over the long term. Assuming the stock is still trading at its current P/E multiple of 30, the stock could double in five years. However, depending on the success it has expanding to new services, Airbnb stock could surprise to the upside. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $299,728!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,754!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $480,061!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 14, 2025 John Ballard has positions in Tesla. The Motley Fool has positions in and recommends Airbnb, Tesla, and Uber Technologies. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy. 2 Brilliant Growth Stocks to Buy Now was originally published by The Motley Fool
