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Uber's One-Stop Plan For Transportation

Uber's One-Stop Plan For Transportation

Jun 20, 2019

By Joann Muller

Read More: https://www.axios.com/ubers-one-stop...0ac469ada.html

Quote:

In 10 short years, Uber's ride-hailing service has become so ubiquitous that people use "uber" as a verb. For its next act, Uber wants to manage everything about how you get around, whether on the roads or sidewalks, underground or in the air. Like Amazon, which started selling books online and now delivers almost everything right to your door, Uber aims to leverage its digital expertise from ride-hailing to become a one-stop shop for transportation.

- CEO Dara Khosrowshahi described the grand vision last week at the Uber Elevate Summit: "We don't just want to be the Amazon of transportation, but also the Google of transportation." In Uber's multi-modal view of the future, you'd use the Uber app to punch in your destination, JFK Airport, for example and you'd be offered multiple options for your journey, each with an estimated time of arrival and different price point. — You could get an inexpensive Uber Pool or Uber X, the app might say but with current traffic, expect it to take up to 2 hours. Or you could hail an Uber car to a downtown skyport and then board an air taxi that will zip you over the congested freeway to JFK, saving time but doubling your fare. You'd select the option that suits your schedule or budget, and it would all be stitched together into a one-click transaction.

- Business transportation is another growth opportunity, like restaurants that deliver meals using Uber Eats, or health care agencies that hire Uber Health to provide rides for patients so they don't miss their appointments. Uber Freight aims to make logistics more efficient by matching shippers with carriers the way it pairs ride-hailing customers with drivers. Uber's expertise in matching supply and demand, and the cloud-based digital platform it built for ride-hailing, make it easier to build out that broader transportation ecosystem. — "We want to be your everyday use case when you wake up and you go to work, or you go out to eat or you go see a friend, we want to be there," says Khosrowshahi. The bottom line: There's definitely an advantage to having one transportation app, with one-click payment, anywhere in the world, as long as you don't mind Uber following you around.

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https://images.axios.com/kqo1vYSXAxR...0993033835.jpg

Uber's going to be a penny stock by this time next year if they don't figure out some way to actually make money.

Quote:

Originally Posted by jmecklenborg (Post 8612872)

Uber's going to be a penny stock by this time next year if they don't figure out some way to actually make money.

Local news story indicated that Uber's business model cannot make money. The road to profitability is totally dependent on autonomous vehicles, which is not going to come soon enough and requires Uber to transform from a software company to an automobile company, which will be exceedingly difficult.

Interesting that McDonald's has announced their own delivery service. The word out there is that Uber Eats and Skip the Dishes have been increasing their charges to the point that restaurant margins are becoming impossibly small. This is McDonald's response to Uber.

Quote:

Originally Posted by Busy Bee (Post 8615123)

Blah blah blah

It's all talk to trap investors, these startups have such lofty goals and speak so eloquently about it yet it's all run on hot air.

Wasn't Tesla supposed to overthrow the auto industry by now? Funny how that worked out.

Quote:

Originally Posted by lrt's friend (Post 8615088)

Just one high profile accident involving an autonomous vehicle and that'll be the end of that.