Ridesharing Means Business

When you’re traveling for work, sometimes it’s just not worth it to spring for that rental car in some major metropolitan areas. Where do you turn when your commute is a bit too long for a walk but too short for a car? A few years ago, the answer would have been a clear, “Taxi!”. But the times, they are a’ changing, and Uber is taking over.

In fact, Uber was responsible for over 43% of business travel expenses last quarter. Let’s examine it in this light: Uber’s getting so big that CEO Travis Kalanick started reinventing the transportation future–with his lofty discourse about everything from totally dismantling the taxi industry to launching a self-driving Uber megabusiness within the next 15 years.

According to a recent USA Today article, ridesharing recently found a big market in corporate travel, and they mean business when nabbing these commuting customers. With claims that uberX can get them to their meeting for 40% less, we can’t blame business travelers for ditching the taxis, rental cars, and trains. If you’re looking to budget even more on rides (and willing to share with strangers), get this: You can choose Uber Pool to grab an even cheaper lift. 

Some businesses have caught the wave, and Uber capitalized on the trend when founding Uber for Business in 2014. Investopedia seems to think it was a smart move: “The latest set of data simply confirms a trend that started two years ago when the agency began measuring statistics relating to expensed transactions for ride-sharing services. During that time period, the share of taxi services and car rental services has declined by 23 and 15 percentage points respectively. According to Robert Nevue, president of Certify, the surge in numbers for ridesharing services is due to a change in habits, and behavior of users [speaks to] the convenience factor or the ability to hail and pay efficiently.”

Where is Uber seeing the most activity? In the southern states, where the rail doesn’t rule the commuter landscape. A possible explanation makes sense: Cities with heavier snowfall rely more on the train system, but cities like Atlanta stay drivable year-round, with some notable exceptions

Love it or hate it, it looks as though ridesharing will be here to stay for a while. We’d love to hear you weigh in: Do you prefer the taxi or the rideshare experience? I have a strong preference for using ridesharing apps, as I’ve humorously recounted in this story. Take a look if you’re curious!

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