BBG: Uber Freight eyes tenfold boost in European Market by 2028
BLOOMBERG reports: Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and ...
Interesting analysis from FreightWaves on the recent decision of Uber Freight to relocate its headquarters from San Francisco to Chicago – which for those outside the US trucking sector, is commonly understood to be the centre of the country’s vast freight brokerage business. According to local reports, Uber Freight has signed a 10-year lease for 450,000sq ft of office space and is set to hire 2,000 local employees over the next three years.
FreightWaves argues this represents not only a transformation in Uber Freight’s focus from developing technology to developing its logistics capabilities, but effectively represents a paradigm shift in the position of technology companies in the freight industry.
“In our view, by moving from San Francisco to Chicago, Uber Freight is embracing its destiny as a serious, technically sophisticated logistics company. The move accords with our thesis that digital freight brokerages will grow to resemble traditional brokerages more closely by finding ways to use people to create value for their customers.”
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
Comment on this article