Uber Freight

Uber Freight, XPO, CN gain spots on FourKites’ Premier Carrier List

XPO ltl truck

Uber Freight, XPO Freight Logistics LTL and Canadian railway CN are among the carriers that have joined the FourKites Premier Carrier List for the third quarter.

The quarterly FourKites Premier Carrier List recognizes carriers that provide best-in-class services to brokers and shippers. To be included on the list, carriers must be assigned at least 300 loads across all FourKites customers and achieve a minimum of “75% tracking consistency,” the company explained.

In the third quarter, the...

https://s29755.pcdn.co/news/uber-freight-xpo-cn-gain-spots-on-fourkites-premier-carrier-list

CloudTrucks launches scheduling tool for drivers

CloudTrucks, a virtual carrier and back-office service, has launched a new tool that helps drivers organize their workflow up to 10 days in advance.

“We noticed what drivers really needed help with was not just searching for one load and booking that load but also planning their schedule,” CEO Tobenna Arodiogbu told FreightWaves.

Founded in February, San Francisco-headquartered CloudTrucks offers a range of services for owner-operators and small trucking companies. 

The idea is to take over all...

https://s29755.pcdn.co/news/cloudtrucks-launches-scheduling-tool-for-drivers

Commentary: How Cargomatic started the digital brokerage boom

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

When Uber launched in 2010, it didn’t take a logistics genius to wonder how the technology and business processes the company brought to market for people was going to reshape the trucking industry. Fast-forward to 2020 and Uber for X is a movement that has already come and gone.

While it may seem that Uber Freight and Convoy have cornered the digital freight...

https://s29755.pcdn.co/news/commentary-how-cargomatic-started-the-digital-brokerage-boom

The Daily Dash: Hyliion goes public; Uber Freight lands $500M investment

Hyliion-Hybrid

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, electric driveline startup Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.

Hyliion takes a bow

Another trucking startup went public on Friday. Hyliion, which hopes to electrify the industry with its electric driveline, became a publicly traded entity just four days after a reverse merger was...

https://s29755.pcdn.co/news/the-daily-dash-hyliion-goes-public-uber-freight-lands-500m-investment

Breaking News: Uber Freight raises $500M from Greenbriar Equity Group

Friday morning, Uber Technologies (NYSE: UBER) announced that Uber Freight successfully raised $500 million from an investor group led by Greenbriar Equity Group at a $3.3 billion post-money valuation, or roughly three times revenue pre-money. Uber Freight issued Series A equity shares as part of the deal, and Greenbriar Managing Partners Michael Weiss and Jill Raker will join Uber Freight’s board of directors.

Last month, Uber Freight sold its Europe business to sennder, a Berlin-based digital...

https://s29755.pcdn.co/news/breaking-news-uber-freight-raises-500m-from-greenbriar-equity-group

Key 2020 target for Uber Freight already reached: CFO

In brief comments about the future of digital broker Uber Freight, the CFO of the parent company said the division already has hit its year-end targets on cost per load.

At the Citi 2020 Global Technology Virtual Conference held earlier this month, CFO Nelson Chai said Uber Freight has “really improved” its cost-per-load metrics but did not disclose any details.

“The company has done a very good job internally in terms of managing that down, actually achieving what the year-end targets are...

https://www.freightwaves.com/news/key-2020-target-for-uber-freight-already-reached-cfo

The Daily Dash: Wildfires impacting freight movement

Oregon wildfire

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the West Coast wildfires are creating hazardous conditions for truck drivers and affecting freight movement. Plus, trailer orders are rising once again and volatile supply chains may become the new normal.

Wildfires putting drivers at risk

The wildfires on the West Coast are creating dangerous conditions for people living in the area, but they are also impacting freight movement. Shippers are...

https://s29755.pcdn.co/news/the-daily-dash-wildfires-impacting-freight-movement

sennder acquires Uber Freight Europe

Uber (NYSE: UBER) announced Wednesday morning that it had agreed to sell the European division of its Freight business to sennder, the Berlin-based digital freight brokerage. 

In June, sennder acquired Everoad, its French rival, reaching six locations and 350 employees. In July, sennder closed a tie-up deal with Poste Italiane to manage the Italian postal service’s €100 million full truckload spend.

The all-stock deal, worth less than $1.1 billion according to reports, gives Uber an equity stake...

https://www.freightwaves.com/news/sennder-acquires-uber-freight-europe

The Daily Dash: GM, Nikola and fuel cells; why trucking’s AB5 exemption could be in jeopardy

Nikola Two hydrogen fuel cell truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, General Motors and Nikola Corp. strike a deal for fuel cells and production of Nikola’s Badger pickup. Plus, diesel engines have been a big winner from the fallout of the Volkswagen diesel emissions scandal, and trucking’s exemption from AB5 could be at risk.

GM, Nikola strike a deal

General Motors will supply fuel cells and advanced batteries for Nikola Corp.’s Class 7 and 8 trucks. GM will also...

https://s29755.pcdn.co/news/gm-and-nikola-strike-fuel-cell-deal-and-californias-ab5-back-in-court

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