The Drivers Cooperative, a driver-owned ride-hailing platform, is experiencing significant growth and is on track to break even financially. The company has a new app and has been selected as the official transportation partner for Juneteenth NY. Shaun Beckles, operations manager at The Drivers Cooperative, appreciates the human aspect of the job and values the opportunity to connect with drivers on a personal level. The co-op has a minimum hourly wage of $30 and aims to provide a supportive and inclusive environment for its members. The company’s revenue in 2022 reached $5.9 million, with the majority going directly to driver wages. The co-op expects to distribute dividends to drivers from its first annual profit. Currently, The Drivers Cooperative has approximately 9,000 drivers who are members of the co-op, making up about 15% of the total ride-hailing platform driver workforce in New York City. The company is positioning itself to compete with established ride-hailing giants by focusing on prescheduled trips and providing a $30-an-hour minimum wage. The Drivers Cooperative also offers various programs to support its drivers, including funds to help purchase electric vehicles and partnerships with credit unions to provide low-interest or zero-interest vehicle loans. Overall, the company aims to
https://nextcity.org/urbanist-news/new-yorks-driver-owned-ride-hailing-app-is-putting-its-foot-on-the-accelera