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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

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TechUber Technologies

Uber overtakes taxis in business travel for the first time

Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
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July 16, 2015, 10:33 AM ET
App Car Service Startups Continue To Irk Traditional Cab Companies And Regulators
SAN FRANCISCO, CA - JUNE 12: A sticker with the Uber logo is displayed in the window of a car on June 12, 2014 in San Francisco, California. The California Public Utilities Commission is cracking down on ride sharing companies like Lyft, Uber and Sidecar by issuing a warning that they could lose their ability to operate within the state if they are caught dropping off or picking up passengers at airports in California. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images
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A new report Thursday confirms what corporate travel departments have known for some time: business travelers love Uber.

In its second quarter report, the expense management system provider Certify found that Uber made up 55% of ground transportation receipts, while taxis accounted for 43%. It was the first time in Certify’s history that expenses for the ride-sharing service surpassed those for traditional taxis.

The figures reported in the second quarter represent a big leap from the prior quarter. In that three-month period, 53% of transportation expenses came from taxis, while 46% were attributable to Uber.

 

“It’s clear that the sharing economy is here to stay for business people,” Robert Neveu, CEO of Certify, said in a statement. The company, which gathers its data from users of its management systems, has also seen an uptick in the use of Lyft and Airbnb.

“We believe this market shift is based on both convenience and price, since these newer services are typically more cost-effective compared with traditional vendors,” Neveu said. “Established travel providers will need to adapt quickly or face further market share erosion to the sharing economy.”
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Claire Zillman
By Claire ZillmanEditor, Leadership
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Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

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