Ride app Hailo shutting down in North America

SHARE Ride app Hailo shutting down in North America

Taxi app company Hailo is shutting down operations in Chicago and pulling out of North America.

Chief executive Tom Barr said a price war between rideshare companies Uber and Lyft made markets in the U.S. and Canada unprofitable for the London-based company. Hailo will look to expand in Europe and Asia.

“It’s not that we aren’t growing there, but the profitability of the market and the type of environment [that other taxi-app companies] are setting up – both on the driver and passenger side – ceased to make sense to us,” Barr told The Financial Times, which first reported the shut down.

In addition, Hailo announced co-founder Jay Bregman is leaving the company.

The Latest
Busch found an unconventional way to score in the Cubs’ loss to the Rangers.
The acquisition of Tamarack Farms makes Hackmatack National Wildlife Refuge a more impactful destination and creates within Hackmatack a major macrosite for conservation.
The man was found unresponsive in an alley in the 10700 block of South Lowe Avenue, police said.
The man suffered head trauma and was pronounced dead at University of Chicago Medical Center, police said.
Another federal judge in Chicago who also has dismissed gun cases based on the same Supreme Court ruling says the high court’s decision in what’s known as the Bruen case will “inevitably lead to more gun violence, more dead citizens and more devastated communities.”