BUSINESS

Uber, New York City Reach Tentative Truce

On the heels of a days-long publicity war, New York City Mayor Bill de Blasio has tabled his plan to limit the number of new Uber vehicles in the city.

The administration reached an agreement with Uber to halt a City Council bill that would place a cap on the company's cars during a four-month study into the impact of Uber and other for-hire car companies on traffic in the city.

Under the terms of the deal, released by de Blasio's office, Uber will provide new data requested by the city, while keeping its current growth rate steady. At the same time, New York officials will move ahead with their traffic study and will conduct a review on the taxi and car service industries' driver and rider protections, accessibility for individuals with disabilities and impact on public transit revenue.

The New York Times first reported the news on Wednesday afternoon.

Last weekend, De Blasio criticized Uber's rapid expansion in an op-ed for the New York Daily News, describing it as a company with “multi-million dollar ads trying to convince New Yorkers that it doesn't need more oversight.”

In response, Uber rolled out a $3.2 million media blitz against the mayor. The company had also earlier released a "de Blasio" feature on its app, which told users to expect long wait times if the mayor went through with his plan to cap growth.

This post has been updated with new information throughout. 

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