Uber Freight

A report from Morgan Stanley's transportation research team, headed by Ravi Shanker, estimates the value of Uber Technologies' (NYSE: UBER) "sum of parts" at $72 per share. Of that, about $2 can be attributed to Uber Freight, based on valuing Uber Freight at $3.5 billion.  The $3.5 billion...

After several years of working for Old Dominion, veteran driver Christopher Knox decided it was time to venture out on his own. Knox used savings to buy a truck and started Knox Logistics, based in Riverdale, Georgia, in 2020. He started going to load boards and digital freight marketplaces to...

The portion of Uber Technologies' earnings report that is devoted to Uber Freight is for a three-month period that immediately preceded the electronic brokerage's biggest acquisition. That would be the purchase of Transplace, announced July 22, acquired for approximately $2.25 billion. While the...

On today's episode, Dooner and The Dude are talking to Uber Freight's (NYSE: UBER) Bill Driegert about the inside story on the blockbuster $2.25B acquisition of Transplace. Refraction AI's Luke Schneider tells us how his robots plan to take over last-mile delivery.  Nolan Transportation Group's...

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This is a developing story. More details to come. Uber Freight (NYSE: UBER) announced it will acquire Transplace for $2.25 billion — an acquisition that "will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and...

Uber Freight (NYSE: UBER) announced Thursday it has expanded into less-than-truckload freight. "Our vision is to become a one-stop-shop for freight," Michael Bailey, product manager for Uber Freight, told FreightWaves. "Shippers can come to us for any type of goods, in any form, at any time with...

Digital freight brokerage Uber Freight (NYSE: UBER) on Tuesday launched its self-service platform for shippers within Canada. The company began doing business in Canada in 2019 and has been manually facilitating domestic and cross-border shipments originating from Ontario and Quebec. With the...

In brief comments about the future of digital broker Uber Freight, the CFO of the parent company said the division already has hit its year-end targets on cost per load. At the Citi 2020 Global Technology Virtual Conference held earlier this month, CFO Nelson Chai said Uber Freight has "really...

Uber Freight's revenue rose strongly in the second quarter of 2020 compared to last year while its negative earnings before interest, taxes, depreciation and amortization (EBITDA) increased slightly. Uber Freight's second-quarter revenue was $211 million, up from $167 million, an increase of 27%...

Digital freight brokerage Uber Freight announced this morning that it has moved tens of thousands of touchless loads with no human intervention. The company termed this a "major milestone in product automation" after moving its first touchless load last fall. These advances, an Uber Freight...

Uber Technologies, Inc. (NYSE: UBER) Freight is offering truck drivers weekly credits on Uber Eats and cutting out profit margins on relief loads booked through its platform as the digital freight brokerage focuses on improving the supply chain during the COVID-19 coronavirus crisis. The company...

In his first 24 hours on the job, the new head of Uber Freight Europe spoke about his responsibility to prioritize the digital brokerage's investments and achieve a balance between revenue growth and profitability. This morning, Wednesday, January 22, Uber Technologies Inc (NYSE: UBER) announced...