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.” …
