The approach of Cummins Inc. to hydrogen-fueled internal combustion engines is very different from how and when it talks about most of its products.
Freight brokerages see more frequent bid events as opportunities to take market share.
The Future of Autonomous Trucks in Freight
FreightWaves’ Kaylee Nix spoke with Bill Driegert, co-founder of Uber Freight, at the F3: Future of Freight Festival about how carriers can navigate a volatile freight market.
Uber Freight’s EBITDA was barely positive in the third quarter on a decline in revenue.
TMS will be at the heart of this new tech-based transformation, offering robust tools to shippers reimagining operations — and, most importantly, to those that historically haven’t enjoyed access to the technology.
Uber Freight recently released a report on contracted rates. Its consensus is that contract rates are indeed falling, but like a game of contracted musical chairs, we still do not know when the music will stop.
The outlook for truckload demand is flat to down and more capacity continues to enter the market, according to Uber Freight senior economist Mazen Danaf.
La capacidad seguirá disminuyendo a medida que la producción de los fabricantes de camiones se recupera
Uber Freight executive Olivia Hu joins chat about the advancement of the autonomous trucking industry during FreightWaves’ Autonomous and Electric Vehicles Summit.
Uber Freight and others announced LightningPay last fall, and the product’s philosophy and practices were presented at a key industry conference in Atlanta.
The trucking industry has seen a wave of new digital payment options connecting shippers, brokers and carriers.
For the second consecutive quarter, Uber Freight turned in a financial report that showed it as profitable by a key standard.
El EBITDA sube un 150% hasta los 5 millones de dólares
Uber beat earnings expectations for Q2, but its delivery business wasn’t the driver this time around.
Waymo Via will reserve billions of miles of future autonomous trucking routes for digital load matching by Uber Freight.
In its third deal this year, autonomous driving provider Aurora has an agreement with Covenant to “explore ways to optimize” long-haul operations.
Aided by the acquisition of Transplace last year, Uber Freight posted positive EBITDA for the first quarter.
La empresa llevará el nombre de Uber Freight
The integrated firm will go live during the fourth quarter under the Uber Freight brand.
The consolidation program is the first major initiative announced since Uber Freight acquired Transplace last summer.
On-demand truck driver platform Haul announced a $10 million funding round as it looks to expand its coverage area for fleets in need of temporary drivers.
With Transplace now in the fold, Uber Freight’s revenue topped $1 billion for the last three months of 2021.
In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.
The current roster of FreightTech unicorns is made up of established companies run by veterans and backed by smart money.
Its the biggest expansion yet for the company’s Uber Connect service
From relay networks to industry unicorns, FreightWaves looks at technology trends that will continue to transform supply chains into the new year.
Aurora Innovation acquired Uber’s advanced technology group last year. Now it is piloting autonomous integration with Uber Freight.
Private trucking fleets expand amid soaring spot rates According to a recent National Private Truck Council Report, private fleets continue to expand due to high spot market rates and dwindling capacity in the market. Less capacity equals less service, and service metrics remain a big driver for in-house transportation. For large common carriers (they haul […]
Onboarding accounts should be a bigger thing than it is; airports used as container storage yards; airfreight is now an affordable option; and a few more quarterly earnings dissected.
One of the three new investors, D1, already has significant investments in logistics.
EBITDA at the digital brokerage remains in the red, but it is getting closer to breakeven.
The road ahead looks brighter than ever for the ride-hailing giant after posting an adjusted-EBITDA profit of $8 million.
On this episode of FreightWaves Insiders, Dooner catches up with Uber Freight head of operations and co-founder Bill Driegert.
“At Uber, we get to build on the shoulders of giants,” said Val Marchevsky, Uber Freight’s new head of logistics tech.
In some big news for the rideshare giant, Uber on Tuesday revised its Q3 2021 outlook and now expects earnings before interest, taxes, depreciation and amortization to be positive as early as this quarter. Shares of the company’s stock ended the day up about 11.5% on the news. In an SEC filing, Uber (NYSE: UBER) […]
Small carriers are opting to bring only a power unit to a brokered transaction.
Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.
The financial analysis of Uber Freight does not yet include the impact of Transplace, which the digital brokerage is acquiring.
Transplace’s new bookings are said to be a key reason for the improvement in its financial outlook.
“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.”
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 and respond to a range of users. Part of the professional challenge has been geographical, Andrew Berberick, co-founder of Baton, a freight-tech company based in […]
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 and talks drones, white gloves and all the peculiarities of final mile.
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.
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 like Uber Freight did not take me by surprise. To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like […]
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.
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 overhead costs and manage their fleets more efficiently. According to the terms of the partnership, eligible carriers that use Uber Freight will receive a $50 […]
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 the smaller, “relationship-based” brokers to compete. Whether it’s managed transportation, trailer pooling, warehousing or last-mile, brokers should be looking for ways to increase their value, […]
