- August 1, 2019: Vol. 12, Number 7

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Downshifting: Uber’s bust doesn’t mean ridesharing is going away and transport infrastructure investors need to pay attention

by Drew Campbell

Despite Uber’s recent disappointing IPO, the rideshare market is expected to continue its explosive growth, and that will affect transportation infrastructure in a number of ways, some expected and some yet to be fully understood. According to Global Ridesharing: 40 Billion Rides and Counting, by Sharespost, customer spending on ridesharing globally could grow to $400 billion by 2021, up from between $175 billion to $225 billion this year.

“We are already seeing early evidence ridesharing companies are expanding into adjacent ‘human and non-human mobility’ markets, including food delivery, short-term rental cars, complementing or supplementing public transportation, last-mile delivery services, and long-haul or freight/ground delivery services,” Sharespost notes.

The unknown impact of rideshare services — as well as autonomous vehicles, in which ride-sharing services are investing in — on toll roads and lanes, as well as public transit, has been

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