ππ NYC Uber & Lyft Utilization Rates Rapidly Declining. Lockouts Soon?
Uber & Lyft's NYC utilization rates (UR), or how busy a driver is kept while on the apps, are dropping. Although UR floor lowered by TLC in March, "lockouts" could still return
Newly launched TLC Factbook shows rapidly declining Uber & Lyft utilization rates (UR), or how busy a driver is kept while logged into either app
Seasonality might impact UR, but unclear
UR is key metric used in TLC Driver Minimum Pay calculation for high-volume bases (currently only Uber & Lyft)
During March TLC hearing and subsequent vote, regulator reviβ¦
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