Base fare: $1.75
Booking fee: $2.2
Cost per min: $0.18
Cost per mile: $1.26
Minimum charge: $6
Cancellation fee: $5
Base fare: $4.5
Booking fee: $2.4
Cost per min: $0.25
Cost per mile: $1.71
Minimum charge: $8.1
Cancellation fee: $5
Louis posted on Mar 7, 2020
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Uber in Bessemer, Ala. The app has become a cult phenomenon, garnering praise from reviews on Yelp and social media.
A map-based system has nearly eliminated parking in New York City, San Francisco and Austin, Tex. Uber has created a de facto national transportation service. The company has expanded in Arizona and California, and it now operates in 11 states.
What makes ride-hailing companies so successful, if they're not actually profitable?
Several factors, including the search for cheap fares and location and distance to demand. An even larger factor, though, may be the payment models used.