After a decade since the launch of Uber Technologies Inc. (formerly UberCab 2009-11), the public is finally getting to own a piece of the cab-hailing giant. Uber (NYSE: UBER) opened its trading today on the floor of the New York Stock Exchange, with an initial public offering (IPO) price of $45 per share — finally […]
Ride-sharing giant Uber has slowly been working its way into trucking for more than a year. Last June, the company acquired autonomous trucking up-start Otto, whichwas expected to help give rise to Uber’s long-haul trucking business Uber Freight. Uber CEO Travis Kalanick told Business Insider in an interview last year that the company was absolutely “getting
“Sometimes you’ll be out on the highway, you see two giant trucks loaded up with logs, and they pass each other on the highway… I don’t understand that. I mean, if they need logs over there… and they need ‘em over there, you’d think a phone call would save ‘em a whole lot of trouble.”
Uber Freight: Another "uber-for-Trucking"? Read More »
