Uber Freight

Uber Freight takes innovative approach to drop and hook with Powerloop

Drop-and-hook services have become increasingly sought-after, meeting the evolving needs of shippers for flexible transportation solutions while also offering carriers enhanced efficiency and earning potential. Uber Freight’s drop-and-hook capacity solution, Powerloop, has seen explosive growth, with more than 10,000 carriers servicing more than 220,000 loads to date. In 2023 alone, the capacity program experienced a 30% increase in load volume. 

FreightWaves recently sat down with Uber Freight...

https://www.freightwaves.com/news/uber-freight-takes-innovative-approach-to-drop-and-hook-with-powerloop

Uber Freight extends Powerloop drop-and-hook network nationally

LOUISVILLE, Ky. — Managed transportation provider Uber Freight announced Wednesday at the Mid-America Trucking Show that it has expanded its drop-and-hook solution Powerloop nationally and enhanced its load bundling options, and that it’s utilizing new trailer technology to help shippers fight fraud.

Powerloop, first introduced in 2018, enables Uber Freight’s shippers to access over 1,000 dry van...

https://www.freightwaves.com/news/uber-freight-extends-powerloop-drop-and-hook-network-nationally

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

Women truckers photo collection heads to MATS, powered by Uber Freight

In partnership with Uber Freight, the photo collection Sisters of the Road by photographer Anne Marie Michel begins its U.S. tour on Friday outside San Francisco, honoring the women’s trucking community for Women’s History Month. 

Deb Desiderato photo from Sisters of the Road collection. (Photo: Anne Marie Michel)

Sisters of the Road dives into the lives of female truckers across the U.S., highlighting their struggles, industry improvements and the need for ongoing progress. Michel found...

https://www.freightwaves.com/news/women-truckers-photo-collection-heads-to-mats-powered-by-uber-freight

RXO touts performance even as numbers show impact of weak freight market

Although the financial performance at RXO improved from the third to the fourth quarter of 2023, the year-to-year comparisons showed a stark downturn, which led analyst Brandon Oglenski from Barclays to ask a question on the 3PL’s earnings call with analysts.

RXO (NYSE: RXO) management on the call was mostly upbeat. CEO Drew Wilkerson kicked off the hourlong chat by saying, “Our model delivered outperformance for 2023.”

But Oglenski, according to a transcript of the call, was focused more on...

https://www.freightwaves.com/news/rxo-touts-performance-even-as-numbers-show-impact-of-weak-freight-market

Uber Freight’s revenue and EBITDA still weak

There was little positive in the Uber Freight portion of Uber Technologies’ fourth-quarter earnings as its revenue and bottom line continue to languish. 

Earnings before interest, taxes, depreciation and amortization at the digital brokerage and TMS provider remained negative at minus $14 million and now hasn’t seen a positive number for six quarters. The last time there was black ink in Uber Freight’s EBITDA was the third quarter of 2022, when it eked out a $1 million positive EBITDA. The...

https://www.freightwaves.com/news/uber-freights-revenue-and-ebitda-still-weak

Robinson unwraps truckload appointment scheduling software

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Freight broker and logistics provider C.H. Robinson Worldwide Inc. on Wednesday took the public...

https://www.freightwaves.com/news/robinson-unwraps-truckload-appointment-scheduling-software

Uber Freight begins piloting the Scheduling Standards Consortium’s protocols

Managed transportation provider Uber Freight announced on Monday that it has taken the first steps in activating an API technical standard produced by the Scheduling Standards Consortium (SSC) industry group. The group released its standards to the FreightTech industry on GitHub in October.

The need for an API scheduling standard stems from the recognition that fragmented processes, especially in transportation appointment scheduling, hinder the efforts of FreightTech companies seeking...

https://www.freightwaves.com/news/uber-freight-begins-piloting-the-scheduling-standards-consortiums-protocols

Digital brokerage Uber Freight slashes jobs

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Logistics leader Uber Freight confirmed Tuesday that it was forced to cut a number of jobs in order...

https://www.freightwaves.com/news/digital-brokerage-uber-freight-slashes-jobs

Electrolyzers only scratch the surface of midcentury hydrogen demand

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Even as manufacturing of electrolyzers grows, the hydrogen-making devices barely address the...

https://www.freightwaves.com/news/electrolyzers-only-scratch-the-surface-of-midcentury-hydrogen-demand

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