Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.
AdvertisementAdvertisementIn a government filing, the company said demand for ride-hailing, which plunged during coronavirus lockdowns last year, has recovered more quickly than expected as daily COVID-19 vaccinations exceed 3 million per day in the US.
Some people are still avoiding public transportation out of infection fears, potentially boosting demand for services like Uber and Lyft further.Passenger bookings last month reached the highest level since last March, when spiking infection rates began to shut the country down. Bookings last month hit an annual run rate of US$30 billion. Last year, Uber's passenger business recorded US$26.4 billion in gross bookings.
Food delivery, of course, has surged over the past year and in March Uber Eats deliveries hit an all-time high. With more regions opening restaurants to at least partial capacity, that could be a positive sign for Uber as it could signal that some habits acquired during the pandemic may stick. headtopics.com
AdvertisementAdvertisementFood delivery jumped 150 per cent from last March to an annualised run rate of US$52 billion, the company said.Last week, Uber announced US$250 million in sign-up bonuses and other perks to lure more drivers. Many drivers gave up last year when demand dried up, the company said. But demand now exceeds the supply of Uber drivers on call, the company said.
In another perk, Uber has partnered with Walgreens to make it easier for drivers to get vaccinated.Driving professionally, however, may still be considered too risky by some. Last month, a woman was arrested on suspicion of pepper-spraying an Uber driver in San Francisco who was coughed at and insulted after he demanded a passenger wear a mask.
AdvertisementDrivers may still be holding out to see if Uber will sweeten pay and benefits. Uber was forced to classify its drivers in the United Kingdom as workers last month - not self-employed - after a Supreme Court ruling there.The company said Monday it has begun a historical claims settlement for its UK drivers.
Shares of Uber Technologies Inc. rose nearly 5 per cent to US$60.40 Monday. Read more: CNA »