Thursday, December 5, 2019Canada's Leading Online Business Magazine

Lyft to Vancouver

Lyft

CBJ — Lyft has announced plans to be operating its ride-hailing service in Vancouver before the end of this year.

The Passenger Transportation Board in B.C. has yet to unveil its final ride-hailing regulations, but a statement from Lyft says the company is confident its operations will begin in the Lower Mainland sometime this fall.

The B.C. Transportation Ministry has set September 3 as the date ride-hailing companies can apply to enter the market, while rules covering fares and the number of vehicles permitted for each ride-booking service are expected by the end of the summer.

Numerous organizations in B.C. have called to have ride-hailing services.

Lyft currently operates in Ottawa and the Greater Toronto Area between Hamilton and Oshawa. The company claims its app services 95% of the U.S. population.

Lyft is the second-largest ride-hailing service in the world, after Uber.

@CanBizJournal

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