Uber is said to be in talks with investors to take stake in its freight business and raise $500 million to boost it to a value of $4 billion, according to Bloomberg. The company was mum about the issue thus far. An Uber spokesperson said that while it was “not unusual for us to receive interest for …
Uber Looks At $500M Investment In Freight Division, Report Says Read More »
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 Said to Hold Talks on $500 Million Freight-Unit Investment Read More »
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 …
Uber Freight rolls out enhancements to its shipper platform Read More »
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 …
Article by Connor D. Wolf Getty Images [Stay on top of transportation news: Get TTNews in your inbox.] Digital freight companies are taking a proactive approach to confronting the coronavirus as the outbreak worsens. “This outbreak has been massively disruptive for the American economy and we, like many others, everyone in the freight industry right now, …
Digital Freight Sector Responds to Coronavirus Outbreak Read More »
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 …
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 …
Here's why Uber could break out in 2020, according to RBC Capital's Mahaney Read More »
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 Freight Taps Amazon Alum Christenson To Run Europe Read More »
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 …
Uber Tests Letting Some California Drivers Set Their Own Fares Read More »
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 …
Here’s how — and why — Uber set their sights on Freight Read More »
