Grassroots hitchhiking system called Casual Carpool is a $1 substitute for Uber

Casual Carpool is a longtime San Francisco Bay Area tradition where people line up at certain spots in Oakland and San Francisco to be picked up by people driving over the Bay Bridge. It's a win-win deal. Riders pay just $1 for a ride (voluntary), and drivers get to take the speedy carpool lanes. Thousands of people do it everyday. It's a lot cheaper than BART, too! (The last time I took BART from the Oakland Airport to the 16th Street Mission station in San Francisco it was over $20 round trip - wtf? That would be $400 a month for a commuter. Is BART just for rich people?)

The Wall Street Journal has an article about Casual Carpool, written by Laura Stevens. It is paywalled, but somehow I got access to the article after the third or forth try. The video from the article is above.

Snip:

More than 6,000 people a day use Casual Carpool, according to one transit study. The median wait time for riders in line is just 2½ minutes, says Susan Shaheen, co-director of the University of California, Berkeley’s Transportation Sustainability Research Center.

The service is unregulated, but riders know they are supposed to pay or at least offer $1 to help cover the $2.50 bridge toll and the driver’s gas.

And die-hards gladly follow a series of unofficial rules that align with the Bay Area’s quirky character: No fragrances. No phone calls. Don’t speak unless the driver does. Listen to NPR.

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Uber gets $3.5 Billion from Saudi investors

A Middle East investor is now Uber's single largest source of cash. On Wednesday, the global ride-sharing startup said it had raised $3.5 billion from Saudi Arabia’s Public Investment Fund, the main investment fund of the kingdom. Read the rest