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Uber Freight Europe acquired by German freight forwarder

Article written by Christopher Walton Scania 730 S 4×2 tractor with refrigerated box Berlin-based freight forwarder Sennder has acquired Uber’s European freight business. The deal was an all-stock transaction with Uber acquiring a minority stake in Sennder as part of this deal. Its European freight business will continue operating under the Sennder brand. Uber Freight’s […]

Digital freight forwarder sennder acquires Uber’s European freight business in an all-stock deal

Article written by Robin Wauters Sennder, a digital freight forwarder, has acquired Uber’s European freight business in an all-stock transaction, thus making Uber a minority shareholder in the Berlin-based startup. Notably, the agreement includes a shipper referral program in which sennder will refer shippers seeking freight brokerage or similar services in North America to Uber […]

Sennder Buys Uber’s European Freight Business

Article written by Dow Jones & Mauro Orru Berlin-based digital freight forwarder sennder said Wednesday that it has acquired Uber Technologies Inc.’s European freight business. The company said Uber would acquire a minority stake in sennder as part of the deal, although no financial details were disclosed for the all-stock transaction. Sennder said it would […]

Uber Agrees to Sell its European Freight Unit to Sennder

Article written by Sarah Syed Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder. The deal values the unit at less that 900 million euros ($1.1 billion), a person familiar with the situation said, asking not the be identified as the details are private. Uber will […]

Hatch Chile Company shows cost savings benefits of Uber Freight’s relief loads program

Article written by Jeff Berman Over the course of the ongoing COVID-19 pandemic, shippers have been up against myriad challenges and changes, which have subsequently resulted in making changes on the fly, in various ways, in order to be able to adapt to a suddenly changing world, and, more specifically, logistics operations. Over the course […]

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 […]

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