In select cities where Uber’s version, UberPool, is available, Uber confirmed to Venturebeat that the service reduces traffic congestion by roughly 55 percent. This statistic jives with the estimate that a recent MIT study of what carpooling could do for the taxi industry. After analyzing traffic and trip patterns, the MIT researchers found that 95 percent of all rides could be shared. Perhaps most concerning for the taxi industry (and Uber drivers), ubiquitous car-sharing would reduce the taxi fleet by a whopping 40 percent. “Our analysis shows that New York City offers ample opportunity for trip sharing with minimal passenger discomfort,” concludes the researchers. Get the full story at VentureBeat