Capital Bikethrough, the Seattle-based company that operates the popular ride-hailing service Capital Bikes, will be forced to cut back on some of its ride-share programs as the state of Oregon moves to privatize its public transportation system.
The company is expected to take a hit on its ride sharing and bus and taxi services as it moves from a state-run model to a private company that will operate a fleet of self-driving vehicles.
Capital Bikes has been an important part of Oregon’s transportation network for decades.
Since the 1990s, it has provided a safe and reliable service for people with disabilities, seniors, and other vulnerable people.
But it was hit hard by the state’s decision to move to a market-based system that relies more heavily on ride-sharing.
Capital Bicycles, which employs about 2,000 people in Oregon, was in the process of transitioning to a partnership with Uber and Lyft when the state decided to sell off its transportation assets to private investors.
The move to privatizing public transportation was a long time coming, but in January, Gov.
Kate Brown announced the state would sell off a $3.5 billion public transportation asset.
Capital Bike shares are one of the many businesses that will see their operations impacted by the change.
The company has been operating a fleet that now covers about 1.3 million rides a day, and is expected reduce by 30 percent to 3,000 rides a week, according to a letter released by the company.
It said it would continue to offer free ride sharing to residents of Portland, Eugene, and Multnomah Counties, and plans to expand to more cities and towns in the future.
The letter also said the company is working on a new ride sharing service that will be available for Oregonians to use while commuting or staying home.
Capital Bike has already begun rolling out a new program in the Portland area, a pilot program that allows people to pay for rides from home with their credit card.
But the company said it is preparing for a change in its rideshare service, and that the pilot program is only part of a broader effort to improve safety and reduce the number of people who have to take rides with their own hands.
The Oregon Department of Transportation and the Oregon Department for Transportation announced last week that it was ending the ride-shares program and that ride sharing will be removed from its list of services in the Oregon Driver and Motor Vehicle Services.
The Department of Public Utilities and the Department of Finance will continue to operate ride-shared vehicles, according the letter from Capital Bike.
The state also plans to transfer a significant amount of its existing vehicle fleet to private companies to provide a safer and more efficient transportation system for its residents.
But those private companies are expected to have to cut spending and lay off workers, cut services and hire more drivers.
In a statement, Capital Bike said it will continue its efforts to provide transportation to the people of Oregon and the state.
We are committed to providing our drivers with the best possible service, while reducing costs and decreasing congestion for our residents, and we will continue our partnership with the public and state governments.
But it said it has no plans to scale back its services, including its bus service.
In its letter, the company also said it intends to expand its service to Oregon, Washington and Montana, and hopes to expand beyond its existing service area in 2019.
Capital Bicycle said it expects to add new rideshare services over the next two years, including those from other rideshare companies, but it will not expand into cities or towns.
The decision to shut down rideshare will affect about 15,000 riders who use the service daily.