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Definition: ride-hailing service


The traditional transportation service people use by telephoning or hailing a taxi on the street. Ride-hailing is also called "ride-sharing;" however, the latter implies different stops are made for two or more individuals. Unlicensed taxi services such as Uber and Lyft are also called ride-hailing services, although they are officially known as "transportation networks." See transportation network company, Uber, Lyft and Tesla Network.