Monday, June 18, 2018

New Yorkers are increasingly relying on ride-hailing services over subways

A new NYCEDC report says that declining subway and bus ridership levels can be attributed to ride-hailing apps

New Yorkers are increasingly choosing ride-hailing services like Uber and Lyft over the city's subways and buses, a new report released by the city's Economic Development Corporation (NYCEDC) has found. The New York Post first reported on this study, which showed that bus and subway ridership declined 5.6 percent in March 2018, from the same time one year ago—that was the largest year-over-year percentage drop following the decline from December 2016 to 2017.

As the NYC subway continues to reel from delays and weekend repair work, New Yorkers are looking to other modes of transportation to get around. This was particularly true for residents in Brooklyn and Queens, who have had to shoulder a large part of the subway repair efforts, according to the NYCEDC study.

Other factors also contributed to the declining ridership figures like the use of Citi bike and the NYC Ferry. The biggest factor however was the plethora of ride-hailing services that New Yorkers now have to choose from. Ride-sharing features provided by these companies like UberPool, Lyft line, and Via further encouraged New Yorkers to use these services, according to the NYCEDC.

And it wasn't just the subways and the buses that were impacted, Metro North and LIRR also experienced four percent dips in March 2018 from the same time a year ago.

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