“This is about lowering the barrier of entry for owner-operators. We are trying to push them forward and help them make key decisions that will ultimately lead them to success in scaling their business.”
The earnings report is for a 3-month period with no impact from the big Transplace acquisition announced in July.
The $2.25 billion deal is a “game-changer” and a “monster deal,” according to FreightWaves experts.
A united transportation platform with 2 companies focused on either side of the carrier/shipper divide is seen as driving $2.25B acquisition of Transplace.;
“We will learn how our customers use the product, learn their pain points and inject those solutions into the product as we go, really changing the user experience.”
“Acquisitions and strategic partnerships are part of this strategy — the additional funds give us the flexibility to capitalize on the right opportunities.”
“We were able to establish relationships with carriers that range from owner-operators to some of the largest fleets in North America. These networks will allow Canadian shippers to tender a load in seconds.”
“The first step to optimizing your capacity is to start with your network. … Step two is optimizing across multiple networks.”
In 2020, J.B. Hunt reported more than 1.2 million loads were processed through its platform, exceeding $1.4 billion in transactions.
“With Market Access, shippers gain risk transparency,” Uber Freight’s co-founder said. “In a market, not every shipper has the same needs. This tool puts the risk in the shippers’ hands so they can make decisions based on their companies’ specific needs.”
To discuss solutions to shippers’ real-time and rapidly changing procurement needs, FreightWaves is partnering with Uber Freight to present an hour-long webinar on Wednesday, March 17 at 2pm ET. Featured speakers include Joe Shone, Head of Enterprise Product Sales at Uber Freight, Harris Ligon, Senior Manager of Strategy & Planning at Uber Freight, and Tim Melhuish, Manager of Sales Operations at Uber Freight.
Innovators worldwide are finding new ways to simplify and disintermediate the execution layer of the supply chain.
In today’s edition of The Daily Dash, Werner expects the winter weather to impact Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions of dollars in e-commerce.
In today’s edition of The Daily Dash, a pension bailout bill that would affect Yellow and ABF Freight drivers could be near in Congress. Plus, XPO posts a record quarter and Uber Freight’s growth continues.
Kevin Hill and Michael Vincent break down today’s top headlines and learn where Uber Freight is doing things right on this episode of Midday Market Update.
Investments in its Eats and Delivery platforms have Uber on a path toward profitability as its Rides business recovers post-pandemic.
The size of Uber Freight’s “fleet” is about 71,000 carriers.
Berlin-based digital freight brokerage Sennder closed a $160 million series, exceeding a $1 billion valuation.
Uber’s stock dips on a report that Goldman Sachs is looking to unload 38 million shares. The company has made several moves recently to shore up the balance sheet and sustain its cash-intensive brokerage segment.
Deciding whether a digital freight brokerage, No. 22 on the FreightTech 25, fits in a company hauling around people and food
In today’s edition of The Daily Dash, ArcBest is the latest LTL carrier to report a strong start to Q4. Plus, 2020 supply chain trends are likely to continue into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.
Design as a profession is a relatively new animal for the freight industry, which has focused on assets and operations, less so on how a given TMS might look, function […]
LoadSmart and Uber Freight attract venture-style capital from traditional investors.
Digital brokerage increased revenue, EBITDA
Craig Fuller and Mike Isaac discuss Isaac’s book as well as the rise and fall of Uber. They dive into the evolution of Uber, the company’s new reliance on Uber Eats and the impacts of new regulations.
Knight-Swift, Arrive Logistics, and Uber Freight have three different approaches to drop-freight solutions.
In today’s edition of The Daily Dash, September saw an increase in truck driver drug test failures; TRATON makes a final offer for Navistar; and Waymo pulls back the curtain on its autonomous technology.
Uber Freight and XPO Freight Logistics LTL are among several new carriers that have joined the FourKites Premier Carrier List, recognizing excellent customer service.
Andrew, Kevin and Seth discuss their thoughts on the consumer and upcoming holiday season, before being joined by Bruce Chan, VP, global logistics at Stifel. Bruce makes his FreightWavesTV debut […]
Available on the CloudTrucks app, the schedule optimizer helps drivers organize their workflow up to 10 days in advance.
Cargomatic set off a prodigious chain of events after its launch in Los Angeles.
In today’s edition of The Daily Dash, electric driveline manufacturer Hyliion officially became a public company on Friday. Plus, Uber Freight secures $500 million in funding and trucking’s recovery continued in September.
‘Game on’ for Uber Freight.
At Citi conference, Chai says Uber will be having ‘aggressive’ discussions on unit’s future
In today’s edition of The Daily Dash, the West Coast wildfires are creating hazardous conditions for truck drivers. Plus, trailer orders are rising once again and volatile supply chains may become the new normal.
sennder is now unquestionably the leading digital freight brokerage in Europe.
FreightWaves and Uber Freight have partnered to provide a one-hour webinar on September 17th, 2020 at 2 pm ET that will cover freight tracking and the benefits of implementing this technology in your business.
In today’s edition of The Daily Dash, General Motors and Nikola Corp. strike a deal for fuel cells; diesel engines are a big winner from the fallout of the Volkswagen diesel emissions scandal; and trucking’s exemption from AB5 could be at risk.
How big of a deal was SpaceX’s successful Starship Hop last week, and how much closer are we to commercial space travel?
Freight segment’s EBITDA improved slightly but still in the red
Uber is reported to be raising $500 million in funding for its brokerage segment. The deal would place a valuation of $4 billion on Uber Freight.
Uber Freight is partnering with AI supply chain services vendor Blue Yonder on a carrier marketplace solution.
Guest commentator Eric Masotti writes about the importance of technology in logistics – but also underscores the importance of dedicated people to the process.
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. News reports that Uber is re-evaluating non-core units […]
Digital freight matching has pushed the industry to adapt.
Driegert said that shipper expectations for technology and speed of execution have irrevocably shifted.
Growth at Uber Freight took a pause in Q1 while the digital brokerage trimmed losses.
The COVID-19 pandemic has disrupted almost every industry and has turned the supply chain upside down. So how do companies ensure that they are pricing accurately when they have limited visibility into the markets and the turns ahead?
Today, Andrew and Kevin discuss first-quarter earnings before FreightWaves Lead Economist Anthony Smith makes an appearance to chat about unemployment. As always, thanks to CarrierDirect for their research contributions.
Meanwhile, Uber Eats had a bang-up pandemic-related quarter.
Bill Driegert, head of operations and co-founder of Uber Freight, discusses “Responding to the Coronavirus Pandemic With Real-Time Logistics Technology” during FreightWaves LIVE @HOME
New program to help qualifying Uber drivers earn money driving trucks
API integrations with shippers and carrier density were key.
Uber Freight has taken several steps to address industry needs during the COVID-19 pandemic, including offering truck drivers a $20 weekly food credit and cutting shipper costs with zero-profit relief loads.
Good day, Uber Freight has announced a partnership with Samsara, an electronic logging device (ELD) and fleet management solutions provider, to help carriers with six or more trucks lower their […]
Drivers have preferred times when they like to visit shipper facilities, and they hate waiting, according to the second Uber Freight Facilities Insights Report.
A difficult truck brokerage market appears to have stalled growth at Uber Freight compared to the third quarter. However, the operating loss narrowed significantly.
Charley Dehoney writes about digital brokerages and what they really are and do…
New technology, capital, and business models have changed the competitive landscape.
The Amazon Effect and Uberization of Freight pose daunting challenges for logistics companies, says FreightWaves founder and CEO Craig Fuller.
Christenson will focus on scaling UF Europe “at speed and responsibly.”
With companies like Convoy achieving a $1 billion valuation in roughly four years, or publicly-traded companies like Uber and Amazon encroaching on the brokerage space, it is getting harder for […]
FreightTech will be even more important and pervasive in 2020. Learn about some of the expanding trends in FreightTech.
Brian Aoaeh writes about key trucking events in 2019 and looks ahead to 2020.
Ben Thrower writes that venture capital funds continue to flow to digital freight brokerages, but legacy companies continue to fight back.
Over the past two and a half years, Uber Freight, the freight brokerage division of Uber Technologies (NYSE: UBER), has already proven itself capable in two key areas for young […]
Join us as we share how companies can gain greater transparency around the driver experience at facilities.
Technology to help with freight asset operations, sales and technology integration highlighted the third block of demonstrations at FreightWaves LIVE in Chicago on Nov. 12. WinMore is a provider of […]
The Uberization of Freight has come to mean many things, but to Uber Freight Senior Director Bill Driegert, it means relieving pain points for carriers and shippers.
Lorin Seeks, Convoy’s director of quality and compliance, spent nine years leading logistics as a captain in the U.S. Army Transportation Corps.
Uber Freight sees loads more than double on a year-over-year basis, but the division’s losses increased as well. Investors will now likely mull over these results as the company’s stock lock-up expiration approaches.
Montreal-based Transport DSquare got an early taste of the platform on a Mississauga-Montreal haul and sees good things for the Canadian freight market.
Bill Driegert discussed both the Canadian and Polish expansions.
Executives from Parade, CoLane, Forager, and Trucker Tools discussed the current state and future of brokerage digitization.
FreightWaves is partnering with Uber Freight to present a one-hour webinar on Tuesday, October 22 at 2pm ET to share current trends and innovations in procurement and discuss how shippers can prepare for 2020.
Traditional freight brokerages are ramping up technological spending to keep pace with the industry.
The drop trailer pool expands to Los Angeles while Bundles will be nationwide.
To discuss how real-time operations are shaping the freight and logistics industry, FreightWaves is partnering with Uber Freight for a one-hour webinar on Tuesday, September 24 at 2pm ET.
This week we step inside the world of Business Insider’s transportation reporter, Rachel Premack. We cover her journey into journalism, trucking “bloodbath” becoming a meme, driver opinion on #UberFreight, overcoming #sexism and so much more!
7-minute company demos will garner a lot of attention at the upcoming FreightWaves LIVE Chicago conference, November 12-13.
C.H. Robinson’s Bob Biesterfeld and Uber Freight’s Lior Ron will headline the Townhall Series at the upcoming CSCMP EDGE 2019 conference. The pair will discuss the changing nature of freight and address how technology is making that happen.
The move signals the shift from a tech startup to a mature logistics operation.
A round at this valuation puts Convoy one step closer to an IPO.
Uber Freight makes it a point to meet drivers and carriers where they are.
Uber Freight needs access to more capacity to keep up with 153 percent growth in gross bookings.
Uber’s second quarter as a public company saw a loss much worse than the consensus estimate. Revenue increased significantly at Uber Freight, so did the losses.
Starting today, shippers using MercuryGate’s transportation management system (TMS) will have access to Uber Freight’s network of carriers, guaranteed capacity and real-time market rates, MercuryGate announced this morning. “Shippers need […]
A lot of things have to go right for DFBs to build a market large enough to justify their valuations.
From their Seattle headquarters, the executive team talks operations, startup culture and the enduring importance of the human factor.
Logistics platform launches in second European country, where the trucking industry and shippers contend with a growing driver shortage and too many empty kilometers.
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
A few months after launching the Facility Ratings feature in its app, Uber Freight has published its first Facility Insights Report, a compendium and analysis of carriers’ ratings of shipper […]
Landstar announced that it may not be able to meet the low-end of its guidance range as truckload spot market fundamentals remain weak.
The first Uber Freight European load has been moved in the Netherlands. The cargo was for Heineken.
Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks […]
Other Bets revenue, primarily consisting of Uber Freight, increased 263 percent year-over-year to $145 million.
Today on FreightWaves Now, we take it to the Sierras and dig down with the “critical events” feature on our charts. Also, what is happening in the economy with housing starts, and should we be worried about Uber and Lyft’s rough start with their IPO?
After a decade of disrupting urban mobility, Uber finally opens up for its initial public offering (IPO) at the NYSE on May 10.
Building a small business is difficult if you don’t have access to the same powerful tools that larger competitors do. Uber Freight, with its growing suite of tools, has been trying to empower small fleets and owner-operators to allow them to compete on an even playing field.
