An increasing number of business travelers are making the switch from taxis and rental cars to ride-hailing services like Uber and Lyft, according to a report from Certify, a company that makes software for managing travel expenses.
Analyzing more than 10 million receipts for ground transportation from the third quarter of this year, Certify found that Uber and Lyft accounted for the majority of those expenses (52%) for the first time ever.
Taxi use, meanwhile, is down 63% from the beginning of 2014.
"We continue to see interest in the ride-sharing economy," said Certify CEO Robert Neveu. "Small to medium businesses were the early adopters. Now, more Fortune 500 companies are adding them to approved vendor lists."
