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Benzinga
Benzinga
Business
Anusuya Lahiri

Lyft, GrubHub Follow Uber, Boost Gig Driver Pay

Uber GRUB CNBC Just Eat Lyft Inc NYSE Uber Technologies Inc
  • Lyft Inc(NASDAQ:LYFT) admitted adding a temporary surcharge on its rides to help drivers deal with surging gas prices, CNBC reports.
  • The Uber Technologies Inc(NYSE:UBER) competitor did not elaborate much on surcharge.
  • Food-delivery marketplace GrubHub Inc (NASDAQ:GRUB) also boosted the pay for its gig drivers, Bloomberg reports. 
  • Related Content: Uber Adds Surcharge To Help Drivers Bear Rising Gas Prices
  • Due to surging gas prices, the Just Eat subsidiary increased per mile distance pay nationwide beginning March 9 due to surging gas prices. 
  • The adjustment will account for the average per-mile cost increases for gas in a driver’s region.
  • GrubHub did not indicate whether it will pass on the pay increase to customers.
  • Price Action: UBER shares traded higher by 0.28% at $35.49 in the premarket on the last check Tuesday.
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