Uber’s new $7.2 billion deal with Landair to improve taxi service
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In an industry where many have been waiting to see if a new service will be developed that would make taxi drivers more productive, Uber has a new partner in the process.
Landair, a subsidiary of United Parcel Service, will offer Uber a new taxi service called UberX.
LandAir has been working with UberX in Mexico since 2015, and the company will now offer UberX to its customers starting this week.
Uber will be able to take a percentage of the fares that LandAir customers pay for their vehicles, which are typically $10 per mile or less, instead of the traditional percentage.
Uber’s existing taxi service, which is called UberPool, will not be impacted.
Uber is currently using a taxi service in Mexico called El Uber, which charges $2 per mile.
Landaer has operated in Mexico for several years, and it is the country’s largest provider of vehicle services.
Landairea, which owns Landair and Uber, will be paid $1.8 billion for the transaction, which includes a $1 billion investment by Landair.
Uber has said it expects to make a $50 million profit in Mexico.
Uber announced a deal to buy Landair in 2014.
In October, Landair said it was raising a $5 billion capital round led by the private equity firm Carlyle Group.
Uber says it has about 4,500 employees in Mexico, with more than 700 in Mexico City.
Uber was founded in 2008 by two University of California students and Travis Kalanick, who also has an MBA from the University of Pennsylvania.
Uber, founded in 2009, has more than 2,000 employees in 25 countries and employs more than 5,000 people.
In an industry where many have been waiting to see if a new service will be developed that would make…