Uber Technologies

Private-Equity Firms Buy Trucking Freight Services Companies – WSJ – By Jennifer Smith

By / September 13, 2020

By Jennifer Smith Private-equity firms bought two big freight-services providers in separate deals announced Wednesday, the latest in a string of investments in businesses that help manage the flow of goods through supply chains. Iconiq Capital LLC acquired a majority stake in Internet Truckstop Group LLC, whose Truckstop.com online freight marketplace connects shippers with available …

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Truck Technology Startup Raises $97 Million for Port Freight Plan – WSJ – By Erica E. Phillips

By / September 13, 2020

The developer of a freight-matching app for truck drivers and shippers at the ports of Los Angeles and Long Beach has raised $97 million in new funding as the startup works to improve its fledgling technology and expand to other ports. NEXT Trucking Inc. said Wednesday that Brookfield Asset Management Inc. ’s venture investment arm …

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Transport Topics – Two Digital Freight Brokers Focus on Price Transparency for Shippers

By / September 13, 2020

Digital freight brokers Convoy and Uber Freight have separately launched new tools intended to make pricing options for hauling loads more transparent for shippers. Convoy Shipper Platform 2.0 includes Market Outlook, which shows shippers current and future trends by region. Also, it adds a feature called Lane Network, which gives shippers real-time data about changes …

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Uber Launches Powerloop, a Trailer-Rental Business, to Build Drop-Freight Network – Transport Topics – Seth Clevenger | Managing Editor

By / September 13, 2020

Powerloop, a new trailer leasing and rental company started by Uber, hopes to reduce driver detention time through its trailer-pool system. (Uber Freight) Uber Technologies Inc. has started a trailer leasing and rental business to support drop-freight opportunities for carriers and shippers using its Uber Freight load-matching network. With its new Powerloop subsidiary, Uber aims …

Uber Launches Powerloop, a Trailer-Rental Business, to Build Drop-Freight Network – Transport Topics – Seth Clevenger | Managing Editor Read More »

Powerloop, new venture from Uber, offers trailer pooling platform – CCJ – James Jaillet| @trucknewsJJ

By / September 13, 2020

Uber announced Wednesday a new venture, Powerloop, designed to work partly in tandem with the company’s freight-matching system Uber Freight. The company is an affiliate of Uber Freight and is owned by Uber Technologies. Powerloop at its core is a trailer leasing program, in which trailers are rented to participating carriers at $25 per day. …

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Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips

By / September 13, 2020

Digital freight-booking startup Convoy raised $185 million in a funding round led by an investment arm of Google parent company Alphabet Inc., GOOG 0.76% adding big new backing for the company competing in an increasingly crowded field trying to reshape U.S. shipping operations. The funding round led by Alphabet’s CapitalG, one of the biggest investments …

Digital Freight Startup Convoy Raises $185 Million, Surpasses $1 Billion in Value – WSJ – By Erica E. Phillips Read More »

Truckers Get Digital in Search for Big Rigs – WSJ – By Jennifer Smith

By / September 13, 2020

Big trucking companies, scrambling along with their customers to keep up with fast-growing U.S. economic demand, are plowing millions of dollars into technology to build up services as digital freight middlemen. The growing investment in online freight brokerage is aimed at building on operations many truckers have used to supplement their core transportation businesses, even …

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Convoy and Uber Freight take on US truck brokerage – JOC – Chris Barnett, Special Correspondent

By / September 13, 2020

Convoy, backed by billionaire tech pioneers Jeff Bezos and Bill Gates, and Uber Freight, an offshoot of the globally disruptive ride-sharing giant, are trying to grab a slice of the fragmented US truck brokerage market, taking different routes to lure skeptical drivers and capacity-hungry shippers. The two technology startups are attempting to persuade US shippers …

Convoy and Uber Freight take on US truck brokerage – JOC – Chris Barnett, Special Correspondent Read More »

Retailers Revamping Distribution Strategies to Deliver Directly to Shoppers, Merchants Say – Transport topics –

By / September 13, 2020

The world of retail shipping is being turned inside out, led by a high-tech-driven shift in goods transportation. Instead of luring shoppers to stores, stores are looking for ways to deliver merchandise directly to consumers, turning storefronts into showrooms and pickup points for goods ordered through Internet-connected computers, smart phones and other electronic devices. The …

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