Uber Technologies Inc.

Oracle, Uber team up to offer last-mile deliveries

Oracle Corp. (NASDAQ: ORCL) and Uber Technologies Inc. (NYSE: UBER) said Tuesday they are offering a last-mile delivery service called Collect and Receive that will be provided on the Oracle Retail platform.

Supported by the Oracle Retail Data Store and cloud platform technologies, retailers can now link to Uber Direct, the company’s delivery solution, via pre-integrated application program interfaces. This program enables retailers to rebalance inventory while giving customers more choices,...

https://www.freightwaves.com/news/oracle-uber-team-up-to-offer-last-mile-deliveries

Buying and selling in autonomous trucking developer Aurora Innovation

In a week that saw the field of viable autonomous trucking developers shrink again — more on Waymo Via waving buh-bye for now below — Aurora Innovation (NASDAQ: AUR) disclosed that  T. Rowe Price Investment Management Inc. purchased $125 million of new stock issued in a $600 million private placement. 

Uber Technologies, already a major holder of Aurora shares, added $1 million to its stake in the private placement and 24.66 million shares at $3 each — worth about $74 million — in Aurora’s $220...

https://www.freightwaves.com/news/buying-and-selling-in-autonomous-trucking-developer-aurora-innovation

Uber Freight y Transplace combinan sus operaciones

A white tractor-trailer with the black logo of Uber Freight written on the trailer

Uber Freight LLC y Transplace, el 3PL que Uber Freight adquirió el pasado verano, combinarán sus negocios durante el cuarto trimestre de 2022 y abandonarán el nombre de Transplace, que tiene 22 años, según ha sabido FreightWaves. 

Las dos empresas se integrarán en lo que se ha descrito como un negocio descentralizado que seguirá vinculado a la matriz Uber Technologies Inc. (NYSE: UBER). La marca Uber Freight se mantendrá, y la empresa rehecha permanecerá dentro de la familia de empresas Uber,...

https://www.freightwaves.com/news/uber-freight-y-transplace-combinan-sus-operaciones

Uber Freight, Transplace to combine operations

Uber Freight LLC and Transplace, the 3PL that Uber Freight acquired last summer, will combine their businesses during the fourth quarter of 2022 and drop the 22-year-old Transplace name, FreightWaves has learned.

The two companies will be integrated into what has been described as a decentralized business that will still be attached to the parent Uber Technologies Inc. (NYSE: UBER). The Uber Freight brand will be maintained, and the remade enterprise will stay within the Uber family of...

https://www.freightwaves.com/news/uber-freight-transplace-to-combine-operations

Uber Eats partners with Hims & Hers, will deliver in 12 markets

Uber Eats partners with telehealth platform Hims & Hers to deliver personal care products to 12 markets

Uber wants in on the health and wellness space. The rideshare and food delivery giant is partnering with telehealth platform Hims & Hers (NYSE: HIMS) to deliver personal care and health products to Uber Eats customers in 12 markets, including Los Angeles, Seattle, Miami, Philadelphia and Austin, Texas.

Uber (NYSE: UBER), which launched Uber Health — a service that allows health care organizations to arrange rides for patients — in 2018, has been dipping its toes into the health and wellness...

https://www.freightwaves.com/news/uber-eats-partners-with-hims-hers-will-deliver-in-12-markets

Rideshare rebound: Breaking down Uber’s and Lyft’s big Q3

Uber and Lyft earnings analysis strong quarter of profitability for rideshare companies

In 2019, a pair of financially unproven but promising rideshare companies debuted two of the largest public offerings of the decade, just two weeks apart from each other –– and they let just about everyone down.

At the time, assessments of Uber’s and Lyft’s IPOs ranged from “modest” to outright “bleak” as the rivals failed to live up to the lofty expectations they had set for themselves. People had questions about the companies, and rightfully so. In the calendar year leading up to its IPO, Uber

https://www.freightwaves.com/news/rideshare-rebound-breaking-down-ubers-and-lyfts-big-q3

Uber posts first-ever adjusted profit as drivers return

Uber posts first adjusted profit in Q3 2021 earnings, good quarter for Uber Eats and Uber Freight

It’s official –– Uber has turned in a profitable quarter for the first time since becoming a publicly traded company in 2019.

The company’s Q3 earnings release revealed an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profit of $8 million, a narrow margin but enough to get Uber over the hump and into the realm of profitability.

Uber (NYSE: UBER) also beat the consensus analyst estimates for revenue during a quarter when the company’s gross bookings reached an...

https://www.freightwaves.com/news/uber-posts-first-ever-adjusted-profit-as-drivers-return

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