Uber Freight

Uber Freight’s EBITDA loss widens from ’22 but improves from Q1

Uber Freight’s second-quarter earnings before interest, taxes, depreciation and amortization, the key financial metric at the digital brokerage, recorded a large decline from a year ago but improved sequentially.

Even with the addition of Transplace, Uber Freight has now had three consecutive quarters of negative EBITDA after three consecutive quarters of barely positive EBITDA.

EBITDA for the second quarter was negative $14 million, down from positive $5 million in the corresponding quarter a...

https://www.freightwaves.com/news/uber-freights-ebitda-loss-widens-from-22-but-improves-from-q1

White Paper: How does intermodal fit into shipper sustainability strategies?

Transportation is the largest greenhouse gas (GHG) emitter, contributing nearly a third of U.S. emissions according to the Environmental Protection Agency. And with 70% of the nation’s freight moving via truck on an annual basis, adopting more sustainable tactics will be critical for shippers to shrink their carbon footprints. 

A sustainable alternative to motor freight is readily available: intermodal. Rail transportation as an additional mode of transportation has environmental and cost-saving...

https://www.freightwaves.com/news/white-paper-how-does-intermodal-fit-into-shipper-sustainability-strategies

WattEV opens public truck charging depot in Long Beach port

Nikola Tre models and WattEV chargers

Megawatt charging depots so far are behind-the-fence operations exclusive to the fleets that operate them. Truck-as-a-Service (TaaS) startup WattEV changes that when it opens its first charging-for-all installation at the Port of Long Beach.

“A lot of competitors have been talking about infrastructure, but we actually have equipment in the ground,” Salim Youssefzadeh, WattEV founder and CEO, told FreightWaves ahead of opening its first public changing depot Monday at the Port of Long Beach.

“We...

https://www.freightwaves.com/news/wattev-opens-public-truck-charging-depot-in-long-beach-port

Uber Freight temporarily suspends loads to Yellow

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

While speculation throughout the industry rises over Yellow Corp.’s ultimate fate and some question...

https://www.freightwaves.com/news/uber-freight-temporarily-suspends-loads-to-yellow

Uber Freight lays off as many as 50 brokerage employees

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Uber Freight has implemented layoffs in its legacy digital brokerage operations in the second round...

https://www.freightwaves.com/news/uber-freight-lays-off-as-many-as-50-brokerage-employees

5 things shippers should know about real-time freight procurement

The future of procurement is real-time. Historically, the procurement process has involved shippers securing quotes from carriers through the bidding process, with carriers putting forward rates and shippers choosing based on the best provider and price. However, whether bidding is done through RFPs or spot auctions, traditional methods leave money on the table.

In the six years since its inception, Uber Freight has demonstrated that automated, instant load procurement for transportation service...

https://www.freightwaves.com/news/5-things-shippers-should-know-about-real-time-freight-procurement

Borderlands: Uber Freight report says cross-border trucking showing continued resilience

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...

Flexport names Uber Freight chief to lead digital truck unit

Cross-border logistics provider Flexport is developing a truck brokerage business to take care of the domestic transportation leg for imports in one supply chain ecosystem after acquiring the e-commerce fulfillment and final-mile delivery assets of Shopify.

The company has hired Bill Driegert, a former Amazon executive who previously headed Uber Freight, to develop Flexport’s trucking product, new CEO Dave Clark said in an internal memo to employees on Thursday that the company shared with...

https://www.freightwaves.com/news/flexport-names-uber-freight-chief-to-lead-digital-truck-unit

Scheduling Standards Consortium grows ranks, readies API release

The Scheduling Standards Consortium (SSC) has added seven partners as it prepares new open application programming interface scheduling standards to be released by the end of the year.

Digital freight brokers Uber Freight and Convoy and logistics provider J.B. Hunt formed the SSC in December to begin standardizing trade data and synthesizing scheduling technology.

Related: Convoy, J.B. Hunt and Uber Freight call for standardized scheduling API

New members announced Monday are Arrive Logistics,...

https://www.freightwaves.com/news/scheduling-standards-consortium-grows-ranks-readies-api-release

Landing and launching terminals for autonomous trucks getting closer

Driverless trucks likely will be in limited use on some U.S. interstates as soon as late 2024. How they will be maintained between trips is a growing focus for their software developers.

Aurora Innovation appears to be farthest along in preparing for inspections, fueling maintenance and automated landing and launch of autonomous Class 8 trucks. An unremarkable frontage road location in Palmer, Texas, south of Dallas is being transformed into a terminal capable of doing for autonomous trucks...

https://www.freightwaves.com/news/landing-and-launching-terminals-for-autonomous-trucks-getting-closer

+ More