Uber Freight, whose freight-matching platform is geared toward small carriers, released Thursday its first Facility Insights Report, a collection of high-level conclusions based on drivers’ ratings of shippers and receivers. Of little surprise, the factor that weighed most heavily in drivers’ ratings of facilities was turn-around time at shippers or receivers, both in positive and …
Anheuser-Busch items in a warehouse. (Luke Sharrett/Bloomberg News) [Stay on top of transportation news: Get TTNews in your inbox.] Lanehub, a provider of freight lane matching services, said it will soon begin providing financial incentives to shippers that help their contract carriers find backhaul opportunities with other shippers in its collaborative freight network. This benefit-sharing …
Uber Freight is sharing nearly all the revenue from its digital freight-matching platform with its carriers, according to a Morgan Stanley & Co. analysis that estimates it could be years before Uber Technologies Inc. ’s logistics division generates meaningful profits. Uber’s freight brokerage business launched in 2017 and uses technology to connect truckers with shippers …
Uber Technologies Inc. (NYSE: UBER) reported first quarter 2019 results which were $0.01 share worse than analyst expectations at a loss of $2.26 per share. Revenue of $3.1 billion was $20 million better than forecasts. Total revenue increased 20 percent year-over-year to $3.1 billion. Gross bookings increased 34 percent year-over-year to $14.6 billion. Other Bets …
Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply chain efficiency. Through Uber Freight’s integration into the SAP Logistics Business Network, shippers will be able to access freight rates and capacity from Uber’s carrier base, the technology firms said …
As the logistics industry continues to plow millions of dollars into digital freight matching (DFM) technology that pairs shippers and carriers, there is a clear difference of approach between third-party logistics providers (3PLs) that seek to minimize the “human element” and those that embrace the combination of automation technology and teams of skilled logistics professionals. …
Logistics Expertise: The Ultimate “Killer App” – FreightWaves – Clarissa Hawes Read More »
Digital freight marketplaces that connect shippers and truckers online are turning toward more physical operations by offering the equipment that cargo carriers need to move loads. Freight-matching startups Convoy and Uber Technologies Inc. ’s Freight division recently launched fleets of trailers that shippers can preload with goods to speed up cargo transfers for drivers and …
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 …
Companies like Lyft, Airbnb, and Kickstarter use technology platforms to connect customers with service providers. And that same concept has made its way to the trucking markets, where companies like Convoy, Transfix, Uber Freight and Loadsmart are using algorithms to pair carriers with shippers who need their loads delivered. This is no passing fad either. …
A driver uses the Uber Freight app to check load availability. (Aether Films) Enterprise software firm SAP and load-matching app developer Uber Freight have partnered to connect their shipper and carrier networks in an effort to improve supply-chain efficiency. Through Uber Freight’s integration into the SAP Logistics Business Network, shippers will be able to access …
