Uber Strikes Deal With New York City to Avoid Cap on Ride-Hailing Vehicles in City

Uber and New York City struck a conciliatory tone, agreeing to a deal that would avoid the city capping the number of Uber drivers on city streets. The agreement softens a New York City Council bill that aimed at curtailing the ride-hailing service’s growth over concerns about increasing congestion on city streets caused by ride-hailing services.

Under the terms of the new agreement, New York will conduct a four-month study on the traffic impact of Uber and others, but will not limit the...

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