Uber Freight

Uber Freight’s Q4 numbers up from 2019 and from third quarter

(Editor’s note: fixing spelling of Nelson Chai. Also clarifying increase in number of users of Uber Freight or API service.)

Uber Freight posted significant year-on-year growth in revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), according to the fourth-quarter earnings released by its parent, Uber Technologies (NYSE: UBER).

What Uber calls gross bookings, a proxy for revenue, rose to $313 million in the fourth quarter from $219 million in the fourth quarter of...

https://www.freightwaves.com/news/uber-freights-q4-numbers-up-from-2019-and-from-third-quarter

German digital freight forwarder Senderr raises $160M

German freight technology startup Sennder has raised $160 million in Series D financing, surpassing a $1 billion valuation as it seeks to expand services and acquisitions across the European freight markets.

The company did not divulge the name of the lead investor, but round participants included Accel, Lakestar, HV Capital, Project A and Scania.

Founded in 2015, Sennder has grown its headcount to 800 employees who work across seven European offices. 

On a growth tear last year, the Berlin-based...

https://www.freightwaves.com/news/german-digital-freight-forwarder-senderr-raises-160m

Uber’s shares sag on report of large sale

Uber has made several moves to tidy the balance sheet and sustain its commitment to Uber Freight

Shares of Uber Technologies (NYSE: UBER) sank 5% Friday on a report that Goldman Sachs (NYSE: GS) is looking to unload 38 million shares in a block trade.

According to a midday Seeking Alpha brief, the shares up for sale are being offered between a range of $53.90 and $56.13, a 4% discount to Thursday’s closing price at the low end of the range.

A potential seller (or sellers) was not identified but the update referenced the likely candidates could include large holders like SoftBank (OTC US:...

https://s29755.pcdn.co/news/uber-shares-sag-on-report-of-large-sale

FreightTech 25: Uber Freight has solid year, but will it remain part of Uber?

It has been quite a year for Uber Freight, even as some analysts who follow the parent company of Uber Technologies continue to ask whether a digital load-matching platform fits with the bigger transportation disrupter.

The highlight of the year for Uber Freight, which is ranked 22nd on the FreightWaves FreightTech 25 list of disruptive and innovative companies, was taking on a half-billion-dollar investment. 

That investment of $500 million from an investor group led by Greenbriar Equity Group...

https://www.freightwaves.com/news/freighttech-25-uber-freight-has-solid-year-but-will-it-remain-part-of-uber

The Daily Dash: Q4 going strong; 2020 shipping trends to bleed into 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, ArcBest continues a trend of less-than-truckload carriers reporting a strong start to the fourth quarter. Plus, XPO’s Drew Wilkerson sees many of the trends the supply chain experienced in 2020 continuing into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.

More evidence of a strong Q4

ArcBest Corp. (NASDAQ: ARCB) is the latest less-than-truckload carrier to report that the...

https://www.freightwaves.com/news/the-daily-dash-q4-going-strong-2020-shipping-trend-to-bleed-into-2021

Designing for freight tech: Q&A with Uber Freight’s new head of design

Design as a profession is a relatively new animal for the freight industry, which has focused on assets and operations, less so on how a given TMS might look, function and respond to a range of users.

Part of the professional challenge has been geographical, Andrew Berberick, co-founder of Baton, a freight-tech company based in San Francisco, speculated to FreightWaves.

The best freight talent is in places like Chicago, Atlanta and Chattanooga, Tennessee, said Berberick, whose website features...

https://s29755.pcdn.co/news/designing-for-freight-tech-qa-with-uber-freight-head-of-design

Analysis: What Greenbriar and BlackRock’s digital freight brokerage deals mean

Goodbye 2020, hello 2018?

Recent forays by Greenbriar and BlackRock into cash-burning digital freight brokerages reveal a shifting landscape for capital across asset classes that holds profound implications for venture capital-backed freight tech startups.

An enormous mountain of dry powder needs to be put to work by private equity investors who are increasingly turning to venture capital-style investments in startups. That capital will fuel growth at the next round of digital freight brokerages...

https://s29755.pcdn.co/news/analysis-what-greenbriar-and-blackrocks-digital-freight-brokerage-deals-mean

Even with new funding, Uber is asked whether Uber Freight fits

Uber Freight had a strong quarter compared to last year but in the company’s earnings call, the one question asked about the unit of the larger Uber Technologies was one that has dogged it for a while: Does it fit inside Uber?

Uber Freight’s revenue climbed 32% from the third quarter of last year, jumping to $288 million from $218 million. Freight’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) improved to a $73 million loss from $81 million last year. 

Freight...

https://www.freightwaves.com/news/even-with-new-funding-uber-is-asked-whether-uber-freight-fits

Understanding Uber’s rise in the transportation industry (with video)

Craig Fuller and Mike Isaac on the rise of Uber.

“The ride-sharing business has been decimated,” says Mike Isaac, New York Times technology reporter and best-selling author of “Super Pumped: The Battle for Uber.”

Isaac joined FreightWaves founder and CEO Craig Fuller for a special Fuller Speed Ahead episode Thursday on the opening day of the FreightWaves LIVE @HOME virtual conference.

Isaac and Fuller discussed how the COVID-19 pandemic has brought ride-sharing to a halt but sent the food delivery business soaring. Fuller noted the role that...

https://www.freightwaves.com/news/understanding-ubers-rise-in-the-transportation-industry-with-video

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