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Uber Said to Hold Talks on $500 Million Freight-Unit Investment

Article written by Gillian Tan & Lizette Chapman Uber Said to Hold Talks on $500 Million Freight-Unit Investment (Bloomberg) — Uber Technologies Inc. is in talks with investors interested in taking a stake in its Uber Freight division, according to people with knowledge of the matter. The San Francisco-based company, led by Dara Khosrowshahi, held […]

Uber Freight rolls out enhancements to its shipper platform

Article written by Jeff Berman Uber Freight describes the shipper platform as a simple intuitive dashboard geared towards helping small businesses manage logistics tasks via a singular interface. These tasks include: finding reliable capacity, budgeting for shipping costs, tracking and ensuring their goods are delivered on-time and with care. With an eye on aiding small […]

Blue Yonder and Uber Freight Partner to Accelerate Digital Transformation in the Supply Chain

CHICAGO & SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Blue Yonder and Uber Freight today announced a partnership designed to help businesses build efficient and transparent global supply chains at a crucial time. Digital transformation initiatives have accelerated over the last few months, as enterprises that ship goods embrace flexible operations to keep up with shifting demand. Quickly recovering from supply shortages and […]

Uber pulls forward profit guidance, growth in Uber Freight stagnates sequentially (video in source)

Adjusted EBITDA profitability expected in fourth quarter of 2020 Uber Technologies, Inc. (NYSE: UBER) reported a net adjusted loss of 64 cents per share, 4 cents better than the consensus estimate. Consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of $615 million, a more than $200 million improvement year-over-year. Uber […]

Here’s why Uber could break out in 2020, according to RBC Capital’s Mahaney

By Kevin Stankiewicz KEY POINTS Uber is set up for a big 2020, argued RBC Capital Markets analyst Mark Mahaney. Mahaney compared Uber’s positioning to where Facebook was last year when it rose 55%. “I think this stock could materially outperform,” Mahaney said. Uber’s first year as a public company had some setbacks, but brighter […]

Uber Freight Taps Amazon Alum Christenson To Run Europe

In his first 24 hours on the job, the new head of Uber Freight Europe spoke about his responsibility to prioritize the digital brokerage’s investments and achieve a balance between revenue growth and profitability. This morning, Wednesday, January 22, Uber Technologies Inc UBER 0.01% announced that Amazon veteran Tom Christenson has joined the company as regional general manager […]

Uber Tests Letting Some California Drivers Set Their Own Fares

A traveler uses a smartphone while waiting for a ride share ride in Oakland in August 2019. (David Paul Morris/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] Uber Technologies Inc. is allowing some drivers in California to set their own rates, an effort to bolster the company’s argument that they’re independent […]

Here’s how — and why — Uber set their sights on Freight

Expanding into new markets brings opportunities and risks. For consumers, Uber is known for changing the simple act of getting a taxi and ordering food. For the past two years, the company has been moving into the B-to-B market with Uber Freight. “We’ve built an app for independent owner-operators and small fleets, where they can […]

The ‘Uber for trucking’ tries to navigate some Uber-scale problems – Dina Bass | Oct 29 2019 at 06:00 AM

Amit Sekhri took up trucking in the thick of the Great Recession, drawn in part by the freedom of driving the open roads. He was prepared for long hours and weeks away from home. But two of his biggest—and least expected—gripes were the constant phone calls and late payments. Like many truckers, Sekhri booked his […]