Uber Freight Archives - The Loadstar Making sense of the supply chain Fri, 01 Nov 2024 13:15:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 FW: Uber Freight – Ebita loss widens but revenue improves https://theloadstar.com/fw-uber-freight-ebita-loss-widens-but-revenue-improves/ https://theloadstar.com/fw-uber-freight-ebita-loss-widens-but-revenue-improves/#respond Fri, 01 Nov 2024 13:15:58 +0000 https://theloadstar.com/?p=284044 FREIGHTWAVES reports:
Uber Freight posted its eighth consecutive quarter of negative earnings before interest, taxes, depreciation and amortization, and its third-largest since the digital brokerage’s  fourth-quarter 2021 integration with shipper-focused transportation management system Transplace.
EBITDA at Uber Freight (parent company is NYSE: UBER) was negative $19 million for the third quarter. Since the closing of the Transplace deal and its integration into one company, only twice has Uber Freight posted a larger negative EBITDA: negative $21 ...

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]]> https://theloadstar.com/fw-uber-freight-ebita-loss-widens-but-revenue-improves/feed/ 0 284044 US logistics players expand to boost their cross-border reach into Mexico https://theloadstar.com/us-logistics-players-expand-to-boost-their-cross-border-reach-into-mexico/ https://theloadstar.com/us-logistics-players-expand-to-boost-their-cross-border-reach-into-mexico/#respond Thu, 31 Oct 2024 11:29:07 +0000 https://theloadstar.com/?p=283861 US surface logistics providers are expanding their reach across the southern border.
Class I rail carriers CPKC and CSX are poised to open a new rail link connecting the US south-east with Mexico, while Uber Freight has beefed up its presence in Mexico.
Others are building their footprint at the Laredo gateway, which regained the crown of largest US import gateway in August, on the strength of a trade volume worth $30.7bn.
CPKC ...

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]]> https://theloadstar.com/us-logistics-players-expand-to-boost-their-cross-border-reach-into-mexico/feed/ 0 283861 Mexico-US trade may be buoyant, but still faces challenges, say forwarders https://theloadstar.com/buoyant-mexico-us-trade-still-faces-challenges-say-forwarders/ https://theloadstar.com/buoyant-mexico-us-trade-still-faces-challenges-say-forwarders/#respond Fri, 04 Oct 2024 09:43:18 +0000 https://theloadstar.com/?p=281969 US logistics providers are beefing up their capabilities to serve Mexico and the surging flows between the two neighbours. However, there are considerable challenges, despite improvements, as discussions over routing US-bound freight through Mexico during the port strike highlighted.
Not surprisingly, much of the action has been in surface transport. Late last month, online platform Cargado unveiled what is reportedly the first load board for US-Mexico truck freight.
It had rolled out ...

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]]> https://theloadstar.com/buoyant-mexico-us-trade-still-faces-challenges-say-forwarders/feed/ 0 281969 Trucking capacity and storage costs under pressure as shippers re-route cargo https://theloadstar.com/trucking-capacity-and-storage-costs-under-pressure-as-shippers-re-route-cargo/ https://theloadstar.com/trucking-capacity-and-storage-costs-under-pressure-as-shippers-re-route-cargo/#respond Wed, 02 Oct 2024 12:31:37 +0000 https://theloadstar.com/?p=281782 Trucking capacity, storage costs and rates are expected to come under pressure as shippers re-route cargo inland owing to the US east and Gulf coast port strike.
Truckers that transload containers won’t be able to pick up or drop off containers as scheduled at affected ports, impacting operations.
While the FMC has told container lines to stop detention and demurrage accruals at ports, “drayage is another story”, said Brandon Fried, head of ...

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]]> https://theloadstar.com/trucking-capacity-and-storage-costs-under-pressure-as-shippers-re-route-cargo/feed/ 0 281782 Uber Freight expands reach and customer focus in rocky brokerage market https://theloadstar.com/uber-freight-expands-parcel-reach-seeks-deeper-customer-engagement-in-rocky-brokerage-market/ https://theloadstar.com/uber-freight-expands-parcel-reach-seeks-deeper-customer-engagement-in-rocky-brokerage-market/#respond Wed, 11 Sep 2024 10:57:06 +0000 https://theloadstar.com/?p=280058 At its annual ‘Deliver’ customer event yesterday Uber Freight unveiled a raft of technology advancements. Most prominent of these is the alignment with Uber Direct to expand final mile capabilities and bolster the company’s end-to-end logistics muscle.
The freight platform has integrated its parcel transport management system (TMS) with the delivery network of Uber Direct, the parent company’s on-delivery platform, to enable same-day, next-day and scheduled deliveries through Uber Direct drivers ...

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]]> https://theloadstar.com/uber-freight-expands-parcel-reach-seeks-deeper-customer-engagement-in-rocky-brokerage-market/feed/ 0 280058 Softer industrial demand pushes LTL onto a bumpy road https://theloadstar.com/softer-retail-demand-sees-ltl-carriers-forced-onto-a-bumpy-road/ https://theloadstar.com/softer-retail-demand-sees-ltl-carriers-forced-onto-a-bumpy-road/#respond Mon, 12 Aug 2024 10:31:13 +0000 https://theloadstar.com/?p=278370 Compared with operators in the truckload and parcel sectors, less-than-truckload (LTL) carriers have been caught in the trough that followed the  stronger 2021/22 market.
Still, several LTL executives have recently expressed discomfort over the balance of their traffic, which is tilted to the retail freight side, and economic indicators suggest their discomfort will continue.
Like their peers in the truckload and parcel sectors, LTL carriers are still struggling with headwinds. Tonnage growth ...

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]]> https://theloadstar.com/softer-retail-demand-sees-ltl-carriers-forced-onto-a-bumpy-road/feed/ 0 278370 US trucking sector recovery still elusive, say latest market numbers https://theloadstar.com/us-trucking-sector-recovery-still-elusive-say-latest-market-numbers/ https://theloadstar.com/us-trucking-sector-recovery-still-elusive-say-latest-market-numbers/#respond Fri, 02 Aug 2024 10:04:23 +0000 https://theloadstar.com/?p=277820 Notwithstanding some tender shoots of improvement, the US trucking market is still in contraction, with margins pointing to more casualties ahead.
The US Bank Freight Payment Index for the second quarter shows continuing decline, both in shipment volume and customer spending on trucking.
The operating margins revealed in Uber Freight’s Monthly Economic and Market Update for July paint a grim picture of an unsustainable divergence between operating costs and freight pricing – ...

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]]> https://theloadstar.com/us-trucking-sector-recovery-still-elusive-say-latest-market-numbers/feed/ 0 277820 Uber Freight launches spot market tool as it aims to be a one-stop shop https://theloadstar.com/uber-freight-launches-spot-market-tool-as-it-aims-to-be-a-one-stop-shop/ https://theloadstar.com/uber-freight-launches-spot-market-tool-as-it-aims-to-be-a-one-stop-shop/#respond Thu, 16 May 2024 11:05:02 +0000 https://theloadstar.com/?p=272046 Uber Freight has taken another step to expand the functionality of its Exchange procurement platform for shippers and truckers, with a spot market module that combines search, bidding, upfront pricing, automated tendering and booking functions.
Exchange: spot is the latest step in Uber’s effort to establish itself as a one-stop shop in the highly fragmented trucking market.
It harnesses Uber Freight’s Carrier Web portal and Freight Allocation module for book-it-now load pricing, ...

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]]> https://theloadstar.com/uber-freight-launches-spot-market-tool-as-it-aims-to-be-a-one-stop-shop/feed/ 0 272046 The bumpy Uber Freight road to IPO. Or? https://theloadstar.com/the-bumpy-uber-freight-road-to-ipo-or/ https://theloadstar.com/the-bumpy-uber-freight-road-to-ipo-or/#respond Mon, 13 May 2024 11:29:21 +0000 https://theloadstar.com/?p=271655 Almost four years ago, a group of investors led by New York-based Greenbriar Equity Group committed to a $500m preferred stock funding in favour of Uber Freight, stamping on it a $3.3bn valuation on a post-money basis.
“Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains,” ...

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]]> https://theloadstar.com/the-bumpy-uber-freight-road-to-ipo-or/feed/ 0 271655 BBG: Uber Freight eyes tenfold boost in European Market by 2028 https://theloadstar.com/bbg-uber-freight-eyes-tenfold-boost-in-european-market-by-2028/ https://theloadstar.com/bbg-uber-freight-eyes-tenfold-boost-in-european-market-by-2028/#respond Wed, 13 Mar 2024 00:08:27 +0000 https://theloadstar.com/?p=267278 BLOOMBERG reports:
Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and aims to increase tenfold to 2 billion euros its freight under management by 2028, with a digital platform that manages companies’ entire supply chains.
The freight business of Uber Technologies Inc. is smaller than the ride-hailing and delivery divisions, accounting for 14% of total revenue in 2023. While those other two units grew last year, freight revenue was ...

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