Honolulu lawmakers pass ‘surge pricing’ cap for ride-hailing companies

FILE PHOTO: An Uber and Lyft car is seen in San Diego, California, U.S. May 18, 2018. REUTERS/Lucy Nicholson/File Photo

(Reuters) – Honolulu could become the first U.S. city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported. Ride-hailing companies such as Uber Technologies Inc and Lyft Inc use a model known as “surge pricing” in which the fare for a ride […]

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