Uber Freight

Uber Freight announces new tech offerings, reaches $20B in managed freight

Managed transportation provider Uber Freight announced Tuesday at its annual Deliver conference in Frisco, Texas, a number of new features available to customers and said the company’s freight under management has grown to $20 billion.

“The beauty of our network is that as we grow, the more we can drive our algorithms and planning optimization, bringing more savings back to our customers,” said Lior Ron, founder and CEO of Uber Freight. The company has saved over $1.5 billion in transportation...

https://www.freightwaves.com/news/uber-freight-announces-new-tech-offerings-reaches-20b-in-managed-freight

Uber Freight, Aurora launch autonomous program for carriers

Managed transportation provider Uber Freight announced Tuesday it is teaming up with Aurora Innovation (NASDAQ:AUR) to provide the trucking industry access to autonomous assets. 

Premier Autonomy, available from now until 2030, will enable qualified carriers to buy Class 8 trucks equipped with an Aurora Driver subscription for autonomous driving.

Aurora Driver is the self-driving hardware and software systems that include lidar, radar and cameras to view the driving environment in 360 degrees....

https://www.freightwaves.com/news/uber-freight-aurora-launch-autonomous-program-for-carriers

3 things I learned at Uber Freight’s Carrier Summit

ARLINGTON, Texas — Uber Freight covered a lot of ground at its recent annual Carrier Summit in Arlington, Texas, hosting its carrier network that moves the company’s spot and dedicated freight.

“Uber Freight’s managed transportation business creates real value helping us connect with shippers,” said Harman Cheema, CEO of Cheema Freightlines.

Hundreds of carrier representatives, coming from small to large enterprise operations, attended the event to learn more about Uber Freight’s technology, its...

https://www.freightwaves.com/news/3-things-i-learned-at-uber-freights-carrier-summit

Borderlands Mexico: Nearshoring to continue boosting cross-border trucking in 2024

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring to continue boosting cross-border trucking in 2024; Careismatic Brands to close Dallas distribution hub, lay off 404 employees; ITS Logistics to open office in Fort Worth; and Aztema begins construction of $240M tire plant in Mexico.

Nearshoring to continue boosting cross-border trucking in 2024

With ongoing economic tensions between the United States and...

https://www.freightwaves.com/news/borderlands-mexico-nearshoring-to-continue-boosting-cross-border-trucking-in-2024

Latest Uber Freight launch combines marketplace and managed services networks

ARLINGTON, Texas — Managed transportation and freight technology provider Uber Freight on Wednesday launched a spot market solution under its premier offering Uber Freight Exchange.

Uber Freight Exchange was initially released in September as a contract procurement platform enabling shippers to run bids with both their own and Uber Freight’s carrier network. At the time, the product brought Uber Freight’s technology to the contract market while providing messaging tools, bid functions and...

https://www.freightwaves.com/news/latest-uber-freight-launch-combines-marketplace-and-managed-services-networks

More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration

The EBITDA losses keep piling up quarter after quarter at Uber Freight, but President Lior Ron offered nothing but optimism in an earnings preview interview, saying the integration between the legacy digital brokerage with Transplace is mostly complete and its future is looking up.

Uber Freight’s earnings before interest, taxes, depreciation and amortization for the first quarter, released Wednesday as part of the parent company’s (NYSE: UBER) earnings report, showed a loss of $21 million. That...

https://www.freightwaves.com/news/more-ebitda-losses-at-uber-freight-but-ron-touts-brokerage-tms-integration

Uber Freight taps industry veterans for commercial, final-mile growth

Managed transportation provider Uber Freight announced Wednesday it has hired two key executives to leverage their expertise in growing the company’s commercial operations and final-mile network.

Dan Annunziata, Uber Freight’s head of Commerical (Photo: Uber Freight)

The leadership of the company’s commercial organization will now be entrusted to Dan Annunziata. With a track record spanning 15 years at legacy brokerage C.H. Robinson (NASDAQ:CHRW), he brings extensive experience in various sales...

https://www.freightwaves.com/news/uber-freight-taps-industry-veterans-for-commercial-final-mile-growth

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

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