Uber

Despite losing $509 million, Uber Technologies Inc (NASDAQ: UBER) topped top and bottom-line estimates for its second quarter, confirming it is well on its way to reaching EBITDA profitability by the end of the year. Q2 Figures Revenue amounted to $3.93 billion, exceeding Refinitiv estimate of $3....

Uber stock was up about 2.5% in early trading on Thursday, just hours after a pullback following the company's Q2 earnings release. Uber missed on analyst estimates for both revenue and EPS, due in part to driver shortages in its ride-hailing business, while rival Lyft reported a huge quarter — but...

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...

About two weeks ago, thousands of people across the United States took to the streets in protest, hoisting signs with damning statements like "Driving us into poverty" or "32 cents a mile is not enough." In cities from Los Angeles to Boston, the masses clamored to be heard, tensions flared and the...

As people have become more comfortable leaving their homes again, major global economies and their industries are riding gains on the path to a return to normal. But ride-sharing companies Uber Technologies (NYSE: UBER) and Lyft (NASDAQ: LYFT) seem to have been having trouble...

And so begins the month of August. The dog days of summer. Beaches, mountains, and lazy afternoons.If you follow the financial markets, that thinking might be jumping the gun, as there’s still plenty of action ahead. Although last week was arguably the height of earnings season, with releases...

U.S. health authorities have urged Americans who are fully vaccinated against COVID-19 to go back to wearing masks indoors when in public places.  What Happened: The Walt Disney Co (NYSE: DIS) has asked its salaried and non-union employees in the U.S. to get vaccinated by...

Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators. Citing "people familiar with the matter," the WSJ said the company was exploring 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...

To view more FreightWaves infographics, click here. Image by freestocks-photos from Pixabay

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...

Just when you thought Uber Technologies Inc. (NYSE: UBER) had perhaps put too many eggs in its basket, it's putting eggs in consumers' baskets – straight from the grocery store. The company on Monday announced its largest grocery expansion since launching in July 2020, with the company's same-day...

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...

Retailers and other online sellers reliant on last-mile delivery providers to ensure consumers receive their orders in a timely and safe manner are increasingly finding new options popping up – from established companies that specialize in last-mile delivery to the Uber driver using a third-party...