Uber warns of higher prices and longer wait times following Toronto’s decision to freeze new licences, citing “dramatic” changes to the city’s transit network, higher ticket prices and the introduction of a new bus stop.
“As we look forward to the fall, we fully expect the effects of our new fare structures to see lower ridership and significantly higher fares on a per ride basis for many riders,” a company spokesperson said in a statement.
The updated numbers include data from the first half of this year, when the most significant fare hikes took place.
Uber is also expecting a rise in bookings due to a new Toronto Transit Commission (TTC) consultation on service changes, which will be released next week.
Toronto is to launch a series of service-improvement consultation meetings across the city starting on Wednesday, including in the Yonge and Lawrence area.
More on thestar.com
We value respectful and thoughtful discussion. Readers are encouraged to flag comments that fail to meet the standards outlined in our Community Code of Conduct. For further information, including our legal guidelines, please see our full website Terms and Conditions.