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ICONIQ Is Not Going To Merge Truckstop.com With Uber Freight Or Convoy (Or Any Other Freight Brokerage)
Monday, April 15, 2019 - 9:50am | 1203Commentary A recent article in Landline Magazine, authored by John Bendel suggested that ICONIQ might have plans to merge Truckstop.com with Convoy or Uber Freight, on the back of their recent majority investment. This is not the first time I heard speculation that someone in the freight brokerage...
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Uber Unveils Long-Awaited IPO, Expected To Reach $100 Billion Valuation
Friday, April 12, 2019 - 10:21am | 624Uber released its S-1 filing after the market close, placing in on track to go public with its anticipated May IPO. The company is expected to attract a valuation between $90-100 billion, although CNBC previously said that the company was seeking as much as $120 billion, by selling roughly $10...
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Uber Freight, Convoy Rise As Traditional Load Boards Lose Market Share
Monday, April 8, 2019 - 4:01pm | 1028Upstarts Uber Freight and Convoy continued to gain market share among freight-matching rivals, as more traditional load boards saw their market share ebb in the face of more heavily digitized competition, according to a report from investment bank UBS. The study by UBS Group AG (NYSE: UBS...
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Uber Buys Middle East Rival Careem For $3.1 billion
Tuesday, March 26, 2019 - 11:24am | 719Uber Technologies Inc. has confirmed reports that surfaced on March 24 about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region, and right in time for its initial public offering (IPO), which is expected this year. In a...
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Late Stage AV Investing To Gain Market Share, Says Pitchbook Report
Monday, March 25, 2019 - 10:46am | 590Venture investing in autonomous vehicles continues to heat up, and as startups mature expect late stage investing to increase, said an Emerging Tech Research Report on Mobility released by Pitchbook this week. The report also highlighted trends in the logistics space, with legacy companies...
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Uber Freight Aims To Conquer Europe
Thursday, March 21, 2019 - 2:03pm | 474The launch of Uber Freight in Europe has been broadly welcomed by the European Shippers' Council (ESC) because the lack of drivers and the age profile of the current driver pool suggests that this problem will get significantly worse. Uber Freight launched its app in the U.S. two years ago to...
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Uber Freight Announces European Expansion
Wednesday, March 20, 2019 - 1:35pm | 390(Photo: Uber Freight) This morning Lior Ron, Head of Uber Freight, wrote in a blog post that the digital brokerage will expand its operations into Europe. The Netherlands is the first European market Uber Freight will enter, Ron wrote, and carriers will be able to book their first loads with Uber...
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Today's Pickup: Uber Freight And Eats Continue Growth; Trade Hopes; Market Volatility
Wednesday, February 20, 2019 - 11:47am | 756Good day, Launched in early 2017, Uber Freight has emerged as a major player in the multi-billion-dollar digital freight space. Last August, Freight reached a $500 million annual revenue run rate, according to a report from The Information, which led to the company doubling its investment in...
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Uber Freight Adds New Leadership As Part Of Ambitious Growth Strategy
Monday, February 18, 2019 - 12:59pm | 714Uber Freight announced two new additions to its leadership team on Thursday, February 14. These new hires are a strategic part of the company's ambitious growth plan and dedication to making freight matching as seamless as possible. Uber Freight has set out to capitalize on the power of the...
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Three Uber Freight Co-Founders Join Supply Chain Software Startup Turvo
Monday, February 11, 2019 - 1:24pm | 943Brian Cristol, Charlie Bergevin, and John Stauffer. (l-r) In the past few weeks, three Uber Freight co-founders left the digital brokerage and joined supply chain software startup Turvo. Charlie Bergevin and Brian Cristol took on business-to-business enterprise sales roles at the Sunnyvale,...
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FinTech And FreightTech 2019 Outlook
Thursday, January 31, 2019 - 3:55pm | 1831Investors, as a rule, are always looking for high-growth. In the real world, that means companies in the tech sector, which offer a novel approach to business that can scale quickly, often have an easier time finding money to fund their growth than those on a slower path. Take the financial tech...
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Uber Freight Gives Drivers Ability To Rate Shipper Facilities
Thursday, January 31, 2019 - 12:35pm | 953Anyone who has ever ridden with an Uber driver knows that once you reach your destination, the app asks you to rate your trip. If a driver's rating dips too low, tips on how to improve are triggered to help improve the rider's experience. A similar type of rating system is now being...
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Uber Freight Unveils New Features Providing More Personalized App Experience For Drivers
Monday, October 22, 2018 - 11:29am | 786Uber Inc. has had a momentous week, with it introducing a new company called Powerloop last Thursday, which would rent out trailers to power-only carriers, enabling them to increase revenue by taking up more loads. Just before that, Uber Freight had come with an announcement of its own, unveiling...