NYC to rein in Uber with cap on ride-hail vehicles

New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares. The City Council approved a package of bills Wednesday that included a oneyear moratorium on new licenses for for-hire vehicles while the city studies the rapidly changing industry. The council also voted to set a minimum driver wage equivalent to the yellow cab wage for app-based drivers. Backers of the proposals said both the traditional yellow cab industry and drivers for app-based services are suffering as Uber cars flood the city’s streets and the growth of ride-hailing apps has worsened traffic congestion. Opponents say Uber and Lyft provide needed service to neighborhoods outside Manhattan that are poorly served by yellow cabs.

— ASSOCIATED PRESS