Uber & Lyft Might Face On-Road Vehicle Cap in NYC

New York City officials are planning to put a cap on the number of Uber and Lyft vehicles allowed on the road. This move was made due to the enormous growth in the for-hire vehicle industry which has been faulted for the worsening congestion and low wages for drivers. A report has shown that Lyft and Uber increased traffic 180 percent in major cities. The number of new vehicles on road has surged from 63,000 to over 100,000 today. If the legislation is approved, it would make New York City one o...