Uber Takes Majority of Ground Transport Market for U.S. Business Travelers

When Uber is winning, taxis aren’t the only ones losing. The ride-hailing startup increased its popularity among business travelers last year while use of rental cars and other traditional ground transportation options declined, according to Certify, the second-largest travel and expense management software provider in North America. Uber Technologies Inc. accounted for 52 percent of total ground transportation transactions through Certify’s system last quarter, amassing a majority of the market for the first time. Uber first overtook rental cars by transactions a year earlier, though rental car bookings accounted for significantly more revenue. Car-rental and taxi services bore the brunt of Uber’s expansion, dropping to 33 percent and 11 percent, respectively, in the fourth quarter of 2016.

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