State Leaders Work to Keep Up With Ridesharing

Source: Jennifer Burnett, Council of State Governments, The Current State, Issue: 8, March 16, 2015

Until just a couple of years ago, few people were familiar with the term “ridesharing.” Today, companies like Uber and Lyft are household names, underscoring just how quickly new businesses are popping up in what has come to be known as the sharing economy. In less than five years, Uber has evolved from a startup to a company valued at $40 billion and operating in 55 countries. But the rapid expansion of ridesharing companies—often called transportation network companies, or TNCs—has led to some growing pains for state regulators as they scramble to balance public and worker safety with the free market and entrepreneurial expansion. …