Uber Freight CEO Rebecca Tinucci took to LinkedIn to tout the company’s third quarter financial performance, which still is a long way from operating profitability.
As Tinucci said in her published remarks, “two things can be true at the same time.”
Her comments highlighted gross bookings of $1.768 billion, which is a record for the group. It also was a 34% improvement over the third quarter of 2026.
Sequentially, Uber Freight (NYSE: UBER) revenue also was up from the second quarter figure of $1.583 billion, an 11.6% gain.
But those higher revenues also came with another operating loss, $33 million.
That wasn’t what Tinucci focused on in her LinkedIn remarks. Instead, she cited other statistics that were not in the Uber parent company’s prepared statement regarding its earnings.
Tinucci said the approximately 35% year-over-year in revenue was “supported by an exceptional 36% volume increase in our U.S. & Canada brokerage.” She added that occurred even though the market featured “relatively flat freight volumes across the industry.”
Revenue per load was up about 8% year-over-year, Tinucci said. Loads per day per head, considered in the brokerage business to be one of the key measures of productivity, was up about 10% from the third quarter of 2025.
In its history, Uber Freight, whether it reported its bottom line as operating income or EBITDA (as it did until recently) has reported positive income only a handful of times.
Tinucci said of the latest report that Uber Freight is “making steady progress toward profitability.” The adjusted operating loss of $33 million is an 18% improvement over a year ago.
But Tinucci added that it came only after the company had spent $17 million on “improved employee liquidity programs and targeted investments.”
Another number touted by Tinucci was segment operating margin as a percentage of gross bookings as being improved from a year ago.
The operating income loss, while narrower than a year ago, widened sequentially from $24 million in the second quarter. That meant that the operating income as a percentage of gross bookings deteriorated to negative 1.9% from negative 1.5% in the second quarter. However, it was stronger than the negative 3.1% from a year ago.
While Uber Freight is loosely described as a digital broker, a good chunk of its business is the legacy Transplace business, which it announced it was acquiring in 2021. That business features a TMS system for shippers.
Tinucci described the company’s “vision for Transportation Orchestration” as seeking to “help our customers continuously and autonomously improve their transportation networks. It’s a lofty vision – one that requires us to combine insights from the $18B freight we manage with our technology, logistics expertise and access to capacity. And one that will, no doubt, take us many quarters to achieve.”
Tinucci returned to the “two things can be true at one time” theme to wrap up her LinkedIn message.
“Uber Freight delivered our strongest quarter since I joined, posting great revenue, volume, and profitability gains,” she said. “At the same time, it is only more clear to me how much farther we have to go.”
Uber Freight did not garner a mention on the parent company’s earnings call with analysts. But CEO Dara Khosrowshahi did tweet a message of support to Uber Freight on X.
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