🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Lyft drivers can join new delivery service, founders donate salaries

Published 03/20/2020, 09:31 PM
GOOGL
-
GOOG
-
UBER
-
LYFT
-

By Tina Bellon

(Reuters) - Lyft Inc (NASDAQ:LYFT) on Friday told drivers they could sign up for work driving deliveries under a new service as ride-hailing demand plummets during the rapid spread of coronavirus in the United States.

In an email to drivers, Lyft co-founders John Zimmer and Logan Green said, "Those who would like to help neighbors get to grocery stores, workers to hospitals and caretakers to their jobs" can join a new "LyftUp Driver Task Force."

A link sends drivers to a Google (NASDAQ:GOOGL) doc sign-up sheet.

Lyft said the service did not yet exist but will allow drivers to help out with direct on-the-ground needs in their community.

Delivery would include medical supplies and test kits and meals for kids and seniors in need that would be picked up from distribution centers and dropped off without contact.

The effort will start in the Bay Area, with plans to expand the program across California and the country, Lyft said.

In the same email, Zimmer and Green said they would contribute their salaries through the end of June to company efforts supporting drivers during the coronavirus crisis.

Lyft also said it was teaming up with other companies to provide drivers access to temporary work opportunities, but it did not provide details.

The COVID-19 respiratory illness caused by the virus has killed at least 200 people in the United States and infected nearly 14,000, according to a Reuters tally.

Drivers across the country talking to Reuters over the past week have said income has dropped by more than 70%.

The chief executive of larger ride-hailing rival Uber Technologies (NYSE:UBER) Inc, Dara Khosrowshahi, on Thursday told investors that rides had tumbled by 60% to 70% in virus-hit areas such as Seattle.

Both Uber and Lyft have suspended shared rides on their platforms in the United States and Canada as authorities push for social distancing to fight the spread of the virus.

They have also temporarily halted the onboarding of new drivers to avoid increasing competition for dwindling trip requests.

The companies have set up funds to pay drivers diagnosed with COVID-19 or put under individual quarantine by a public health agency.

© Reuters. The Lyft <LYFT.O> Driver Hub is seen in Los Angeles

Uber, unlike Lyft, already offers drivers an alternative to transporting passengers during the coronavirus crisis. Its restaurant food delivery platform UberEats is seeing growth as more people avoid going out to eat and cities order restaurants to close dine-in areas, Khosrowshahi said on Thursday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.