Uber Partners With London Ferry Business to Launch Boat-Based Commuter Service

Uber Technologies (NYSE: UBER) is launching a fixed-schedule commuter service in London after buying the naming rights to the Thames Clippers ferry service, which will be rebranded as Uber Boat by Thames Clippers. There are 20 boats in the fleet that serve 23 piers along the Thames River.

The new boating service would be yet another attempt to branch out into areas other than ridesharing, as declining numbers of fares caused Uber to report a $2.9 billion quarterly loss earlier this year.

Image source: Uber.

Source Fool.com