Uber Freight

Uber Freight’s Powerloop begins offering dedicated tours to carriers

Uber Freight’s latest innovation, released Tuesday, directly addresses the challenges behind truck utilization through advanced tour planning. The new offering expands Uber Freight’s Powerloop drop-and-hook program, providing carriers with access to reliable freight and greater control over their operations with dedicated tours.

Carriers, especially owner-operators, face the persistent challenge of securing consistent or dedicated loads. Fluctuations in load availability and unpredictable rates...

https://www.freightwaves.com/news/uber-freights-powerloop-begins-offering-dedicated-tours-to-carriers

In a weak quarter for brokerages, RXO’s stock price takes a pounding after earnings

(A quick summary of some key points of RXO’s earnings can be found here.)

With four publicly-traded freight brokerages now having reported earnings for the fourth quarter, the overall picture was not pretty.

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https://www.freightwaves.com/news/in-a-weak-quarter-for-brokerages-rxos-stock-price-takes-a-pounding-after-earnings

How automation is solving logistics’ biggest problems in 2025

As the logistics industry prepares for a more positive 2025, the potential for automation — utilizing machine learning and AI — to impact operations has never been more significant. 

From optimizing electric vehicle fleets to mitigating fraud and automating nonrevenue tasks, automation is positioned to address some of the industry’s most pressing challenges. Here’s a look at the key areas where automation could drive change in logistics this year.

Managing supplier relations

The complexity of...

https://www.freightwaves.com/news/how-automation-is-solving-logistics-biggest-problems-in-2025

Short line CEO says railroads must embrace Uber-like technology to secure future

NEW YORK — The largest operator of shortline railroads has a clear message about the future of the industry.

“It’s time to get off our asses,” declared Michael Miller, chief executive of Genesee & Wyoming, at the annual RailTrends conference last week.

While G&W is celebrating its 125th anniversary, Miller said in a presentation to executives, suppliers and investors, “[W]hat got us here won’t get us there,” meaning a profitable future. He warned railroads must commit to their core principles...

https://www.freightwaves.com/news/short-line-ceo-says-railroads-must-embrace-technology-to-secure-future

Uber Freight could see more bookings through new broker tech

Uber Freight on Thursday unveiled a new program, Broker Access, that offers freight brokers direct access to its carrier network and digital platform. Broker Access, built on its 2021 offering Market Access, allows brokers to automate the company’s load execution process without making large technology investments while also leveraging Uber Freight’s carrier network for their shippers’ needs.

This offering comes on the heels of Uber’s quarterly earnings report, showing gross bookings for its...

https://www.freightwaves.com/news/uber-freight-could-see-more-bookings-through-new-broker-tech

Uber Freight’s $851M payout to Greenbriar highlights creative deal structures

Managed transportation and technology provider Uber Freight’s (NYSE:UBER) conclusion in October of an $851 million payout to Greenbriar Equity Group effectively ended the structured investment relationship established in October 2020.

Greenbriar led a $500 million investment in Uber Freight, valuing the company at $3.3 billion post-money and positioning Uber Freight as a player with ambitious growth plans. However, the payout signifies a shift, highlighting both Uber Freight’s evolving valuation...

https://www.freightwaves.com/news/uber-freights-851m-payout-to-greenbriar-highlights-creative-deal-structures

Consultant bullish on Trump’s impact on retail, e-commerce, FreightTech M&A

With the new Trump administration come expectations of regulatory changes, including potential shifts at the Federal Trade Commission, that could unlock M&A activity. These shifts could mean promising activity in retail and e-commerce, as well as greater investment in supply chains.

Lower interest rates may also drive fresh investment in housing and retail, benefiting brands like The Home Depot and Lowe’s, while new entrants such as Temu, leveraging social commerce models, intensify competition...

https://www.freightwaves.com/news/consultant-bullish-on-trumps-impact-on-retail-e-commerce-freighttech-ma

Fighting freight fraud: A playbook to combat holiday theft 

With holiday shipping ramping up, freight fraud is top concern for players across the industry. While companies fight all types of fraud throughout the year, strategic theft and straight theft are particularly prevalent in today’s market.

Cargo theft incidents were up 33% year over year in the second quarter of 2024, according to CargoNet. A total of 771 reported thefts during the quarter added up to more than $34 million in lost value, with distribution centers and truck stops being top...

https://www.freightwaves.com/news/fighting-freight-fraud-a-playbook-to-combat-holiday-theft

Uber Freight expands reach, services across Mexico with new location

Uber Freight wants a bigger piece of the booming cross-border Mexico freight pie.

The company recently opened a new office in the Mexican border city of Nuevo Laredo and has  expanded its workforce in the country. Uber Freight also recently appointed Jesus Ojeda, who led customs solutions as senior vice president at Transplace before its acquisition by Uber Freight, as executive vice president of Mexico operations.

Last year, the company achieved 77% growth in U.S.-Mexico cross-border business,...

https://www.freightwaves.com/news/uber-freight-expands-reach-services-across-mexico-with-new-location

Uber Freight and Leaf Home collaborate to support explosive growth

Supply chain management is one of the least glamorized – and most important – functions of virtually every business in the world, especially for those in rapid expansion or early stages of growth.

For Leaf Home, a home solutions provider, this became evident as the company scaled from fewer than 30 locations to over 250 across the U.S. and Canada. It quickly became clear that more advanced tools were needed to keep pace with the industry growth Leaf Home was seeing, while concurrently...

https://www.freightwaves.com/news/uber-freight-and-leaf-home-collaborate-to-support-explosive-growth

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