In February, Uber Technologies Inc. (NYSE:UBER) released its fourth-quarter earnings, showcasing its subsidiary, Uber Freight, which experienced momentous 43% growth in gross bookings, rising from $219 million in the fourth quarter last year to $313 million in the fourth quarter this year.
In a prepared statement presented with the earnings report, Uber explained the improvement of bookings was related to the release of the Uber Freight Enterprise offering in September that attracted the growing...