Uber Freight launches spot market tool as it aims to be a one-stop shop
Uber Freight has taken another step to expand the functionality of its Exchange procurement platform ...
KNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
KNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
REUTERS reports:
Uber Technologies Inc (UBER.N) said on Thursday its trucking unit would buy transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital.
The deal consists of up to $750 million in Uber common stock and the remainder in cash, the ride-share company said in a statement.
Transplace will be acquired by Uber Freight, which is Uber’s trucking unit.
“This transaction is expected to accelerate Uber Freight’s path to profitability and help the segment to break even on an adjusted EBITDA basis by the end of 2022,” Uber said…
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