ReachNow scraps car rental service in Seattle and Portland
ReachNow has scrapped its car-rental services in Seattle and Portland following a corporate “realignment”, says The Seattle Times.
ReachNow offered rentals for BMWs and Mini Coopers and launched a ride-hailing service last year.
In May, the company announced to some of its customers that it was shutting down its ride-hailing service, saying that its third-party vendor could no longer support their business.
Last November, ReachNow - a BMW subsidiary - integrated car-sharing and ride-hailing int
July 25, 2019
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8879 ReachNow has scrapped its car-rental services in Seattle and Portland following a corporate “realignment”, says %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external The Seattle Timesfalsehttps://www.seattletimes.com/seattle-news/transportation/reachnow-shutters-car-rental-and-ride-hailing-services-in-seattle-portland/falsefalse%>.
ReachNow offered rentals for BMWs and Mini Coopers and launched a ride-hailing service last year.
In May, the company announced to some of its customers that it was shutting down its ride-hailing service, saying that its third-party vendor could no longer support their business.
Last November, ReachNow - a BMW subsidiary - %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external integratedfalsehttps://www.itsinternational.com/categories/utc/products/reachnows-car-sharing-and-ride-hailing-app/falsefalse%> car-sharing and ride-hailing into its app with the aim of providing members in Seattle with an alternative to car ownership.
According to ReachNow, members who signed up to the service since the start of 2019 will receive a refund on their $15 sign-up fee.
Keolis has launched an on-demand shared mobility service in Bordeaux, France, in a bid to reduce congestion and the impact on the local environment.
The Ke’op service operates in a 50km2 area and provides connections to the public transport network of the metropole, including tram lines A and B.
Jean-Pierre Farandou, executive chairman of Keolis, says the service should enable the company to meet the needs of transport authorities in areas where density does not justify the installation of major transpor
Private ride-hailing giant Uber, which is aiming to follow rival Lyft in becoming a public company this year, has warned that it may never be profitable.
The candid admission comes in a filing to the US Securities and Exchange Commission (SEC) as Uber prepares for an initial public offering (IPO) which it reportedly hopes will value the company at $100 billion.
This potential IPO figure is some way below the $120bn predicted by analysts just last year.
And Uber warns: “We have incurred significant loss
Lyft is offering free trips for cancer patients seeking treatment in Atlanta, US. The initiative is part of an extended partnership with the American Cancer Society (ACS).
ASC uses Lyft’s Concierge web platform to request rides on behalf of patients who do not have a ride or who are unable to drive themselves, according to media reports.
The programme will also launch in Cincinnati, Denver, Houston, Los Angeles, New Jersey, Philadelphia and St. Louis.
Transport for London (TfL) has issued Uber London with just a two-month private hire operator licence.
The ride-hailing company’s previous 15-month licence – awarded by a court on appeal after TfL originally decided not to grant one - expires tonight (25 September).
Two years ago, TfL declared that Uber was not ‘fit and proper’ to hold a licence – before the court intervened. At the time, Uber chief executive Dara Khosrowshahi admitted the company was ‘far from perfect’.
TfL now says it will be req