Uber Freight has unveiled its product roadmap, incorporating artificial intelligence-powered software to transform the global movement of goods. This announcement follows Uber Freight’s acquisition of transportation management company Transplace two years ago, which has enabled the company to build a logistics company offering end-to-end applications...
The emergence of the platform economy brings all facets of commerce together – including logistics — which focuses on the matter of getting goods where they need to go as efficiently as possible. To that end, Uber said on Thursday (July 22) that it has struck...
Uber’s trucking unit, Uber Freight, has inked a $2.25 billion deal to acquire transportation logistics company Transplace from TPG Capital. The deal includes $750 million in Uber common stock and the remainder in cash. Transplace was acquired by TPG Capital in 2017. “This is a significant...
It’s the end of a holiday week and almost the beginning of a new month. And the PYMNTS Weekender is here to make sure you didn’t miss anything — and that you start off December right, with the latest in payments and commerce news. We...
November 02, 2023
Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support, coupled with a weakening freight market, has forced some startups to cut costs, lay off staff and explore alternative survival strategies, The Wall Street Journal (WSJ) reported Thursday (Nov. 2). One […]
September 28, 2023
Uber Freight has unveiled its product roadmap, incorporating artificial intelligence-powered software to transform the global movement of goods. This announcement follows Uber Freight’s acquisition of transportation management company Transplace two...
July 22, 2021
Uber’s trucking unit, Uber Freight, has inked a $2.25 billion deal to acquire transportation logistics company Transplace from TPG Capital. The deal includes $750 million in Uber common stock and the...
