Uber Freight

Uber Freight opens up platform for large enterprise shippers

Uber Freight opens up platform for large enterprise shippers (Photo: Jim Allen/FreightWaves)

Uber Freight has introduced Uber Freight Enterprise and Uber Freight Link — services that combine high-end operational capability with Uber’s stable technology platform to help enterprise shippers create agile supply chains that reduce costs for their end customers. 

“Enterprise has always been a big part of our business, and a vast majority of the existing customers are enterprise as well. At Uber Freight, we offer them a very simple-to-use, one-stop-shop platform, and with the Enterprise...

https://s29755.pcdn.co/news/uber-freight-opens-up-platform-for-large-enterprise-shippers

Uber Freight sees jump in Q2 revenue; parent company turns in weak performance

Uber Freight’s revenue rose strongly in the second quarter of 2020 compared to last year while its negative earnings before interest, taxes, depreciation and amortization (EBITDA) increased slightly.

Uber Freight’s second-quarter revenue was $211 million, up from $167 million, an increase of 27% on a constant currency basis. Meanwhile, EBITDA for the segment rose to a loss of $49 million compared to a loss of $52 million in the second quarter of last year.

However, the EBITDA figure for the...

https://www.freightwaves.com/news/uber-freight-sees-jump-in-q2-revenue-parent-company-turns-in-weak-performance

Uber Freight seeking investors

Parked Uber Freight rig

Uber Technologies (NYSE: UBER) is reported to be in talks to take on additional investors in its digital brokerage unit, Uber Freight. Bloomberg published an article attributed to “people with knowledge of the matter” who said the San Francisco-based company is seeking to raise $500 million in incremental funding.

The report said this would place the unit’s valuation around $4 billion. Assuming an annual run rate of the nearly $200 million in revenue the division generated in the first quarter,...

https://s29755.pcdn.co/news/uber-freight-seeking-investors

Uber Freight integration offers shippers rideshare-level simplicity

Uber Freight Blue Yonder
  • Bill Driegert, Uber Freight co-founder and head of operations: “You get a price, hit a button and execute.”

Uber Freight is partnering with AI supply chain services vendor Blue Yonder on a carrier marketplace offering that will allow the digital freight brokerage to access more demand from the software provider’s TMS user base.

The solution, which functions as a dynamic pricing offering, provides both instant quoting of...

https://www.freightwaves.com/news/uber-freight-integration-offers-shippers-rideshare-level-simplicity

Commentary: Uber Freight shows importance of people in logistics

Uber Freight tractor-trailer

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

The recent announcement of massive layoffs and the closure of 45 offices at Uber Technologies – and in particular, its CEO’s stated commitment to re-evaluating non-core, cash-burning businesses like Uber Freight – set the logistics world abuzz.

However, I would argue that it’s not in the way contributor Ryan Schreiber described. As he makes the case for Uber as an...

https://s29755.pcdn.co/news/commentary:-uber-freight-shows-importance-of-people-in-logistics

Commentary: Digital freight brokers face a moment of truth

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

News reports that Uber is re-evaluating non-core units like Uber Freight did not take me by surprise.

 To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like freight, WSJ reports, which ran in FreightWaves on Monday, May 18.

Defining the problem

In The Business of Platforms by Michael Cusumano, Annabelle Gawer, and...

https://www.freightwaves.com/news/commentary-digital-freight-brokers-face-a-moment-of-truth

Commentary: Uber getting out of “Freight” would be bad for freight

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

In late 2017, when Uber announced “Freight,” I was about to build a digital freight brokerage, one with a very different focus but in the same pool. In the 2.5 years since, I have had a front row seat for the impact – first selling against them, and now helping companies with their digital transformations.

Before everyone starts celebrating the possible demise of...

https://www.freightwaves.com/news/commentary-uber-getting-out-of-freight-would-be-bad-for-freight

Uber Freight head: API requests for market pricing up 150% during pandemic (with video)

Bill Driegert believes that the coronavirus pandemic is accelerating an irreversible digitization of the transportation and logistics industry, and that shipper behavior, technology adoption and network design will enter a “new normal” after the crisis.

Tuesday afternoon, Driegert, Uber Freight’s co-founder and head of operations, appeared on FreightWavesTV during a wide-ranging coronavirus update for the transportation and logistics industry.

“It’s a once-in-a-lifetime event that has been...

https://www.freightwaves.com/news/uber-freight-head-api-requests-for-market-pricing-up-150-during-pandemic-with-video

Uber ‘re-evaluating’ non-core units like freight, WSJ reports

Uber Technologies  (NYSE: UBER) has laid off 3,000 more employees and closed 45 more offices, the Wall Street Journal reports, just after a first round of layoffs that totaled more than 3,700 employees.

CEO Dara Khosrowshahi wrote in an email to employees that Uber was “making really, really hard choices right now,” including re-evaluating non-core cashburning businesses like Uber Freight and autonomous driving. Khosrowshahi said that Uber was looking at “strategic alternatives” for its staffing...

https://s29755.pcdn.co/news/uber-re-evaluating-non-core-units-like-freight,-wsj-reports

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