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Uber announces new features, teams up with Costco

Uber (UBER) has announced new features, including "Shuttle," which allows users to book up to five seats on a bus using a QR code to board. The reportedly cheaper service won't be subject to surge pricing. Uber will also offer an Uber One discount to students, including a reduced monthly rate, special deals, and more.

The ridesharing service will also partner with Costco (COST) to offer discounted rates to the wholesale retailer's members.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino

Video transcript

Uber is announcing some new features this week and they might help save you some cash.

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Uber shuttle gives riders a cheaper way to get to the airport work or live events.

Now, it's basically a bus where you can reserve a seat up to a week in advance for a quote fraction of the price of an Uber X and it's not impacted by Uber's Uber's infamous surge pricing.

Don't like riding a bus.

Well, guess what?

The platform is also offering shared scheduled rides that let you save an average of 25% compared to Uber X and good news for students as well out there.

Uber is offering an Uber one membership program that includes savings across rides and delivery services.

This is gonna run you about $4.99 a month and includes discounts like free delivery and 10% off orders and this is a good one ahead of the summer.

Uber eats.

Teaming up with Costco.

Yeah, you heard that right?

You're gonna be able to order your favorite Kirkland signature items on the Uber Eats platform.

This is available now in select locations.

Now, the company is also announcing new features for foodies and caregivers as well here.

So, a lot in the slate of new product announcement and service announcements from Uber, take your symbol UB, er.