TRANSPLACE

More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration

The EBITDA losses keep piling up quarter after quarter at Uber Freight, but President Lior Ron offered nothing but optimism in an earnings preview interview, saying the integration between the legacy digital brokerage with Transplace is mostly complete and its future is looking up.

Uber Freight’s earnings before interest, taxes, depreciation and amortization for the first quarter, released Wednesday as part of the parent company’s (NYSE: UBER) earnings report, showed a loss of $21 million. That...

https://www.freightwaves.com/news/more-ebitda-losses-at-uber-freight-but-ron-touts-brokerage-tms-integration

Uber Freight surpasses $18B in freight under management worldwide

Managed transportation provider Uber Freight announced Tuesday its European division has surpassed 200 million euros ($218.3 million) in freight under management, topping $18 billion in freight under management worldwide.

“Our European business is accelerating because we’re dedicated to offering precisely that. We bring the optionality and expertise needed to keep pace in a rapidly evolving landscape and, as we continue to invest in the region, we plan on cementing our role as the premier...

https://www.freightwaves.com/news/uber-freight-surpasses-18b-in-freight-under-management-worldwide

Uber Freight’s new solutions: Rebuilt TMS, procurement, wide AI use

The Uber Freight acquisition and integration of Transplace in 2021 has moved to a higher level with the announcement of a suite of products that touches both sides of the combined company.

Uber Freight rolled out the new offerings late last month at its Deliver user conference in San Diego.

CEO Lior Ron, in a media briefing held in conjunction with the conference, said the company was “doubling down on our technology.”

At the heart of the new offerings — and the one that most closely aligns with...

https://www.freightwaves.com/news/uber-freights-new-solutions-rebuilt-tms-procurement-wide-ai-use

Uber Freight’s EBITDA loss widens from ’22 but improves from Q1

Uber Freight’s second-quarter earnings before interest, taxes, depreciation and amortization, the key financial metric at the digital brokerage, recorded a large decline from a year ago but improved sequentially.

Even with the addition of Transplace, Uber Freight has now had three consecutive quarters of negative EBITDA after three consecutive quarters of barely positive EBITDA.

EBITDA for the second quarter was negative $14 million, down from positive $5 million in the corresponding quarter a...

https://www.freightwaves.com/news/uber-freights-ebitda-loss-widens-from-22-but-improves-from-q1

Uber Freight cutting about 150 jobs, all in brokerage operations

Uber Freight is laying off 3% of its workforce, and all of the job losses are coming in its digital brokerage activities.

In a memo to staff, obtained by FreightWaves and confirmed by a spokesman for Uber Freight, CEO Lior Ron said the cutbacks would impact about 150 employees. The Digital Brokerage division is separate from the Transplace operations that Uber Freight acquired in 2021. 

“As you know, the logistics market is currently facing a number of headwinds which has impacted our customer...

https://www.freightwaves.com/news/uber-freight-cutting-about-150-jobs-all-in-brokerage-operations

McGuigan, who led sale of Transplace to Uber Freight, stepping down 

Frank McGuigan, the president and COO of Uber Freight who came to the company in its acquisition of Transplace, is stepping down.

In an email sent to numerous Uber Freight employees Thursday, Uber Freight CEO Lior Ron said the news was “bittersweet” that McGuigan would be leaving his position as of Jan. 31. However, McGuigan will remain on the Uber Freight board of directors, Ron said in the email, and “will continue supporting and advising our organization’s ongoing and future success.”

McGuigan...

https://www.freightwaves.com/news/mcguigan-who-led-sale-of-transplace-to-uber-freight-stepping-down

McGuigan, que dirigió la venta de Transplace a Uber Freight, deja su cargo  

Frank McGuigan, el presidente y director de operaciones de Uber Freight que llegó a la compañía en su adquisición de Transplace, está renunciando. 

En un correo electrónico enviado a numerosos empleados de Uber Freight el jueves, el CEO de Uber Freight, Lior Ron, dijo que la noticia era “agridulce” de que McGuigan dejaría su puesto a partir del 31 de enero. Sin embargo, McGuigan permanecerá en la junta directiva de Uber Freight, dijo Ron en el correo electrónico, y “continuará apoyando y...

https://www.freightwaves.com/news/mcguigan-que-dirigio-la-venta-de-transplace-a-uber-freight-deja-su-cargo

Economista de Uber Freight: Las tarifas de los contratos entran en territorio negativo 

En toda la red de Uber Freight, las tarifas de los contratos de carga de camiones están muy por encima de su pico y ahora se dirigen a territorio negativo en comparación con el año pasado, dijeron funcionarios de la firma a FreightWaves el martes. 

El economista senior de Uber Freight, Mazen Danaf, y el vicepresidente senior de adquisiciones e ingeniería de Transplace, Ben Cubitt, relataron cómo el mercado de carga de camiones de Estados Unidos cambió rápidamente a principios de 2022, ya que las...

https://www.freightwaves.com/news/economista-de-uber-freight-las-tarifas-de-los-contratos-entran-en-territorio-negativo

Uber Freight economist: Contract rates edging into negative territory

Across Uber Freight’s network, truckload contract rates are well past their peak and now headed into negative territory compared to last year, officials from the firm told FreightWaves on Tuesday.

Uber Freight Senior Economist Mazen Danaf and Transplace Senior Vice President for Procurement and Engineering Ben Cubitt recounted how the U.S. truckload market quickly shifted at the beginning of 2022 as rates fell as fast as they had risen in 2020.

“In terms of rates, we saw an unprecedented increase...

https://www.freightwaves.com/news/uber-freight-economist-contract-rates-edging-into-negative-territory

Los beneficios de Uber Freight se duplican en el segundo trimestre 

Los pequeños beneficios que la empresa de intermediación digital Uber Freight obtuvo durante el primer trimestre del año se duplicaron con creces en los segundos tres meses de 2022.  

Es a partir de una pequeña base: Uber Freight tuvo ganancias antes de intereses, impuestos, depreciación y amortización de $2 millones de dólares en el primer trimestre, la primera vez que fue rentable sobre esa base, y tuvo un EBITDA de 5 millones de dólares en el segundo trimestre, dijo la compañía en su declaraci...

https://www.freightwaves.com/news/los-beneficios-de-uber-freight-se-duplican-en-el-segundo-trimestre

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