Uber

Uber Freight’s bookings climb, but an earnings benchmark slides

Uber Freight’s gross bookings rose 55% in the first quarter, but its earnings before interest, taxes, depreciation and amortization, already negative last year, sank even further.

EBITDA for the Freight segment came in at negative $64 million, down from negative $29 million last year. In an earnings statement that offered few details or comments on the segment, Uber Technologies, the parent corporation, did note that during the quarter, more than 10,000 “relief loads of critical goods … booked...

https://s29755.pcdn.co/news/uber-freights-bookings-climb-but-an-earnings-benchmark-slides

Today’s Pickup: U.S. factories in limbo as Mexican production plants remain shut

U.S. factories in limbo as Mexican production plants remain shut (Photo: Shutterstock)

Good day,

The U.S. companies that are resuming production after roughly a month of lockdown are now contending with a shortage of parts supply from Mexico. This is because production plants across Mexico remain widely shut due to the pandemic. Mexico is the largest trading partner of the U.S. as of last year, and the country is a major exporter of auto parts to the U.S. 

The turn of events has put U.S. manufacturers in a spot because they cannot resume operations if their Mexican suppliers remain...

https://www.freightwaves.com/news/todays-pickup:-us-factories-in-limbo-as-mexican-production-plants-remain-shut

Pricing transparency eases marketplace friction, says Uber Freight’s Bill Driegert

Every second counts in the freight industry, especially during a pandemic, said Bill Driegert, Uber Freight co-founder and head of operations.

Driegert said when freight volumes were spiking in late March because consumers were hoarding supermarket staples, Uber Freight was able to help a shipper set up an application programming interface (API).

“As the market was surging, we had one enterprise shipper who reached out to get an API set up; we were able to get the shipper set up in four hours,...

https://www.freightwaves.com/news/pricing-transparency-eases-marketplace-friction-says-uber-freights-bill-driegert

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