Uber

The Daily Dash: Levandowski, Amazon and earnings

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, prosecutors are recommending jail for former Uber executive Anthony Levandowski. Plus, Amazon had a strong second quarter as e-commerce boomed, and Forward Air is pushing ahead with plans to expand its less-than-truckload business.

Finding a new home

Federal prosecutors have recommended Anthony Levandowski, the former head of Uber’s self-driving division, serve 27 months in prison. Levandowski...

https://s29755.pcdn.co/news/the-daily-dash-levandowski-amazon-and-earnings

Prosecutors recommend prison for former Uber exec who stole trade secrets

Former Uber executive Anthony Levandowski is scheduled to be sentenced on August 4.

Federal prosecutors have recommended a 27-month prison sentence for Anthony Levandowski, the former head of Uber’s self-driving division, as well as three years of supervised release.

Levandowski pleaded guilty in March to one count of stealing Google trade secrets after he was originally charged with 33 counts of intellectual theft and attempted theft of trade secrets from self-driving startup Waymo in August 2019. 

Levandowski’s attorney countered that he deserves up to one year of home...

https://www.freightwaves.com/news/prosecutors-recommend-prison-for-former-uber-exec-who-stole-trade-secrets

U.S. lawmakers approve safety standards for ride-hailing companies

The U.S. House of Representatives unanimously approved legislation on Wednesday requiring ride-hailing companies to establish a digital method that matches drivers with passengers before the beginning of a trip.

Introduced last year by Rep. Chris Smith, R-New Jersey, Sami’s Law, named after college student Samantha Josephson, who was killed by a person impersonating her Uber driver, has bipartisan support improving its chances of eventually being signed into law. The U.S. Senate has not yet...

https://s29755.pcdn.co/news/us-lawmakers-approve-safety-standards-for-ride-hailing-companies

Uber buys food delivery startup Postmates for $2.65 billion

Uber to buy Postmates for $2.65 billion in an all-stock deal (Photo: Uber & Postmates)

Ride-hailing giant Uber has agreed to an acquisition of on-demand food delivery company Postmates in a deal estimated to be worth $2.65 billion, as reported by Bloomberg early on Monday, July 6. The acquisition will be an all-stock buyout, with Uber Eats head Pierre-Dimitri Gore-Coty expected to continue running the delivery business of both Uber and Postmates. 

Ever since Dara Khosrowshahi took over as the CEO of Uber, the company has looked at aggressively expanding its presence across related...

https://s29755.pcdn.co/news/uber-buys-food-delivery-startup-postmates-for-2-65-billion

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

Comcar and Uber hit where it Hertz (with video)

On today’s episode, Dooner and The Dude talk about Comcar filing for Chapter 11 bankruptcy. Are more carriers in trouble? Why Hertz bankruptcy will make the auto industry’s troubles go from bad to worse. Also, Uber cuts 1000s of jobs and shuts down self-driving truck program.

They’re joined by special guests –  Michael Leto, CEO at Emerge; Laurance Alarado, CEO and co-founder at WARECAP; John Kingston, editor-at-large, FreightWaves.

Plus, a SONAR powered breakdown of the freight market as we dive...

https://www.freightwaves.com/news/comcar-and-uber-hit-where-it-hertz-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

+ More