Uber Freight

Uber Freight launches Shipper Platform in Canada

Digital freight brokerage Uber Freight (NYSE:UBER) on Tuesday launched its self-service platform for shippers within Canada. The company began doing business in Canada in 2019 and has been manually facilitating domestic and cross-border shipments originating from Ontario and Quebec.

With the launch of Uber Freight’s Shipper Platform, Canadian shippers will be able to directly plug into the company’s marketplace for real-time pricing and available capacity.

In an interview with FreightWaves, Drew...

https://www.freightwaves.com/news/uber-freight-launches-shipper-platform-in-canada

M&A radar: major private equity deals in logistics? Don’t hold your breath

One side of the “private equity story + logistics appetite” is here, in a well-written post published last week by The Loadstar – and headed: “Why private equity is into logistics, and here to stay“.
Another less conventional angle, however, in what isn’t a formal rebuttal of the much-appreciated coverage by a special guest from the private equity (PE) world is rather that private equity occasionally flirts with logistics, and when the …

The post M&A radar: major private equity deals in...

https://theloadstar.com/ma-radar-major-private-equity-deals-in-logistics-dont-hold-your-breath/

J.B. Hunt 360 integrates with KeepTruckin freight marketplace

J.B. Hunt Transportation Services Inc. (NASDAQ:JBHT), an asset-based supply chain leader, on Thursday announced a freight marketplace integration with KeepTruckin, a fleet management solution. Freight available within J.B. Hunt 360, the company’s technology solution, will be accessible within KeepTruckin’s Smart Load Board, generating new capacity for J.B. Hunt customers.

“The KeepTruckin Smart Load Board is the first and only ELD-based freight marketplace that automatically matches loads based...

https://www.freightwaves.com/news/j-b-hunt-360-integrates-with-keeptruckin-freight-marketplace

Uber Freight’s Market Access solution helps shippers manage supply chain risks

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...

https://s29755.pcdn.co/news/uber-freights-market-access-solution-helps-shippers-manage-supply-chain-risks

Viewpoint: The freight execution technology revolution is here

This commentary was written by Bill Driegert, co-founder of Uber Freight. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

For as long as I’ve been in freight, it has been an opaque industry. Carriers, brokers and shippers have always lacked information, as pricing and capacity data were historically gathered through brute force: lots of phone calls, emails and parsing through load boards. We are well into a...

https://s29755.pcdn.co/news/viewpoint:-the-freight-execution-technology-revolution-is-here

The Daily Dash: Weather to impact Werner earnings; J.B. Hunt, Google join forces

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Werner executives said that weather will lead to lower Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions to expand e-commerce.

Weather to take bite out of Werner’s earnings

Appearing at an investor conference, Werner Enterprises (NASDAQ: WERN) executives said the negative impacts from recent winter storms would result in a 3- to 4-cent...

https://s29755.pcdn.co/news/the-daily-dash-weather-to-impact-werner-earnings-j-b-hunt-google-join-forces

The Daily Dash: Pension bailout possible for Yellow, ABF drivers; record Q4 for XPO

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the COVID-19 relief bill working through Congress may be the vehicle through which pension reform happens for multiemployer pension plans, including those of Yellow and ABF Freight. Plus, a strong freight market led to a record quarter for XPO, and Uber Freight posts revenue growth in Q4.

Legislative fix?

The COVID-19 relief bill could serve as a vehicle to bail out multiemployer pension funds,...

https://www.freightwaves.com/news/the-daily-dash:-pension-bailout-possible-for-yellow-abf-drivers;-record-q4-for-xpo

Uber Freight poised for success — Midday Market Update

MMU 11/24

Uber Freight posted year-over-year revenue growth of a whopping 43%, citing its Freight Enterprise offering as a key reason for improved performance. CFO Nelson Chan said Uber Freight’s user base expanded by 45% quarterly, a big jump that sparks discussion between Kevin Hill and Michael Vincent in this episode of the Midday Market Update.  

The latest COVID-19 relief measure may help protect multiemployer pension funds in danger of failing; the House Ways and Means Committee is championing a...

https://www.freightwaves.com/news/uber-freight-poised-for-success-midday-market-update

Eats, Delivery pushing Uber toward profitability

Uber’s (NYSE: UBER) earnings results, announced on Wednesday, offer a mixed bag of news. On the Rides side, business continues to struggle to escape from the COVID-19 pandemic, but the remainder of the business is showing signs of strength. That led to CEO Dara Khosrowshahi declaring on CNBC Thursday morning that profitability is within sight, perhaps by the end of 2021.

KeyBanc and Cowen both raised their price targets for the company, with KeyBanc maintaining an overweight rating and raising...

https://www.freightwaves.com/news/eats-delivery-pushing-uber-toward-profitability

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