US cities use ride-hailing fees to fix roads
Cities all over the United States are pinching tiny amounts - from 15 cents to more than 1% - to fast-track improvements in trains, roads and bridges
New York
IN Chicago, a 15-cent fee on Uber, Lyft and other ride-hailing services is helping to pay for track, signal and electrical upgrades to make the city's trains run faster and smoother.
Ride-hailing trips in Philadelphia are expected to raise US$2.6 million this year for the city's public schools through a 1.4 per cent tax that will also generate more than US$1 million for enforcement and regulation of the ride-hailing industry itself.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’