transportation network company

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transportation network company

An organization such as Uber and Lyft that uses mobile apps to enable people to secure individual and carpooling rides from drivers who use their own vehicles. The GPS capability in the smartphone identifies the pick-up location and keeps the customer informed in real time when the car will arrive.

No Cash
Billing is automatically handled via pre-registered credit cards, and although tipping is enabled in the app, nothing prevents the passenger from handing the driver cash. Initially treated as contractors, drivers became classified as employees in Britain. The transportation companies are increasingly challenged by jurisdictions to change driver status to employee.

Also called a "ridehailing" or "ridesharing" service, in 2013, the California Public Utilities Commission created the transportation network company category to deal with these services. See Uber and Lyft.
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References in periodicals archive ?
Under the final proposed bill, a TNC certificate is required to drive for a Transportation Network Company. (144) Each driver must have a valid identification, photo and certificate placed in a position visible to the passenger in the vehicle and must be twenty-one years of age.
Most bills define what a "transportation network company" is, set insurance requirements, require criminal and driving background checks for drivers, set standards and timelines for vehicle safety inspections, require clear communication of estimated and final fares, and restrict passengers from hailing a network driver from the street.
Uber is a peer-to-peer ride sharing, food delivery, and transportation network company headquartered operating in 633 cities worldwide.
3 (ANI): Co-founder of peer-to-peer ridesharing, food delivery, and transportation network company Uber, Garrett Camp is launching his own cryptocurrency - Eco.
Cebu City - In support of the government's public utility vehicle (PUV) modernization program, the transportation network company Grab Philippines said it will invest in public transportation next year.
Although the service only launched in February, the Ousta Transportation Network Company managed to spread its services across 10 cities
State Farm will offer its "Transportation Network Company Driver Coverage" endorsement in California starting March 21.
Organisers also announced collaborating with Uber Technologies, the US-based transportation network company, to offer two free Dh50 rides for new and existing Uber customers visiting ADES.
Uber, a United States-based peer-to-peer ridesharing, taxi cab, food delivery, bicycle-sharing, and transportation network company, is requesting permission from lawmakers to resume the testing of self-driving cars in the state of Pennsylvania.
At 55c/mile, he sees about $17B of EBITDA, with his estimate valuing Cruise's transportation network company at around $43B.

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