TRANSPLACE

Off a small base, Uber Freight profits more than double in Q2

The small profits that digital brokerage Uber Freight turned in during the first quarter of the year more than doubled in the second three months of 2022. 

It’s off a small base: Uber Freight had earnings before interest, taxes, depreciation and amortization of $2 million in the first quarter, the first time it had been profitable on that basis, and had EBITDA of $5 million in the second quarter, the company said in its second-quarter earnings statement.

Revenue comparisons year to year are less...

https://www.freightwaves.com/news/off-a-small-base-uber-freight-profits-more-than-double-in-q2

Uber Freight and Waymo Via envision autonomous trucking for all

Waymo Via truck in blue connected to white Uber Freight trailer

Uber Freight and Waymo Via are working together to map out what widespread autonomous trucking will look like.

The digital freight broker and autonomous trucking software developer describe the partnership as a deep collaboration aimed at what Uber Freight head Lior Ron called the “democratization” of autonomy.

Most autonomous trucking today involves software developers testing their products with large fleets on interstates in the Southwest known for long, flat stretches of roads and favorable...

https://www.freightwaves.com/news/uber-freight-and-waymo-via-envision-autonomous-trucking-for-all

El aumento de los precios del combustible deja a los operadores propietarios con decisiones difíciles

Avery Vise, vicepresidente de camiones de la consultora de transporte FTR, tiene algunos consejos para los propietarios-operadores que están luchando con un aumento masivo de los precios del diésel y la caída de las tarifas del mercado al contado: “Hay buenas razones para vender tu camión y convertirte en conductor de empresa”, dijo Vise. 

Dadas las circunstancias, no sería de extrañar que algunos de los 350.000 conductores propietarios-operadores registrados busquen la protección de la...

https://www.freightwaves.com/news/el-aumento-de-los-precios-del-combustible-deja-a-los-operadores-propietarios-con-decisiones-dificiles

Soaring fuel prices leave owner-operators with tough choices

Avery Vise, vice president, trucking for transport consultancy FTR, has some advice for owner-operators struggling with a massive spike in diesel fuel prices and plunging spot market rates: “There are good reasons to sell your truck and become a company driver,” Vise said.

Under the circumstances, it wouldn’t be surprising if some of the 350,000 registered owner-operator drivers seek the protection of company driving, or lease their independent services to a fleet, something that 44% of driver...

https://www.freightwaves.com/news/soaring-fuel-prices-leave-owner-operators-with-tough-choices

Uber Freight, by 1 measure, was profitable in 1st quarter

Uber Freight recorded positive earnings before interest, taxes, depreciation and amortization in the first quarter of 2022.

Uber management had been projecting such a milestone in several of its recent quarterly earnings calls with analysts. It wasn’t by much: just $2 million, which on revenue of  $1.824 billion is an EBITDA margin of 0.1%. EBITDA a year earlier was negative $29 million.

Improvement in the EBITDA margin was 9.7 percentage points.

The growth of Uber Freight through its acquisition...

https://www.freightwaves.com/news/uber-freight-by-1-measure-was-profitable-in-1st-quarter

How data insights can help shippers combat today’s market volatility

In the world of logistics, global supply chains are put to the test with regular disruptions and volatility.

From skyrocketing fuel prices to the ongoing COVID-19 pandemic, all assumptions about future challenges are being questioned. The historical trends and data forecasting tactics of yesterday cannot be relied upon to navigate current market uncertainties.  

Spot market rates are just the latest challenge fueling market uncertainties. Matthew Harding, senior vice president of data science at...

https://www.freightwaves.com/news/how-data-insights-can-help-shippers-combat-todays-market-volatility

Uber Freight y Transplace combinan sus operaciones

A white tractor-trailer with the black logo of Uber Freight written on the trailer

Uber Freight LLC y Transplace, el 3PL que Uber Freight adquirió el pasado verano, combinarán sus negocios durante el cuarto trimestre de 2022 y abandonarán el nombre de Transplace, que tiene 22 años, según ha sabido FreightWaves. 

Las dos empresas se integrarán en lo que se ha descrito como un negocio descentralizado que seguirá vinculado a la matriz Uber Technologies Inc. (NYSE: UBER). La marca Uber Freight se mantendrá, y la empresa rehecha permanecerá dentro de la familia de empresas Uber,...

https://www.freightwaves.com/news/uber-freight-y-transplace-combinan-sus-operaciones

Uber Freight, Transplace to combine operations

Uber Freight LLC and Transplace, the 3PL that Uber Freight acquired last summer, will combine their businesses during the fourth quarter of 2022 and drop the 22-year-old Transplace name, FreightWaves has learned.

The two companies will be integrated into what has been described as a decentralized business that will still be attached to the parent Uber Technologies Inc. (NYSE: UBER). The Uber Freight brand will be maintained, and the remade enterprise will stay within the Uber family of...

https://www.freightwaves.com/news/uber-freight-transplace-to-combine-operations

Transplace adds LTL pooling to truckload consolidation program

Third-party logistics provider Transplace has launched a program to create full truckload movements out of multiple LTL shipments moving across North America, including Canada and Mexico.

Under the initiative, Transplace will consolidate LTL traffic at various pooling points and build the freight into full truckload shipments for a point-to-point linehaul movement. The trailer will be broken down at various cross-docking points for local LTL moves to the final destinations.

The program is...

https://www.freightwaves.com/news/transplace-adds-ltl-pooling-to-truckload-consolidation-program

Drilling Deep: The case for releasing lots of oil from the SPR

The U.S. is releasing more oil out of the Strategic Petroleum Reserve than it ever has before. Is this good policy?

On the Drilling Deep podcast, host John Kingston discusses why such a move now is precisely why the reserve was built in the first place.

Tracy Rosser, an executive vice president at Transplace, is the guest of the week on Drilling Deep. What does the massive amount of data that his company processes every day tell us about the state of the supply chain crisis? Rosser sits down to...

https://www.freightwaves.com/news/drilling-deep-the-case-for-releasing-lots-of-oil-from-the-spr

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