FW: Uber Freight Ebitda still in the red, and revenue continues to slide

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FreightWaves reports:

Uber Freight continues to struggle to get into positive EBITDA, and its quarterly revenue was the lowest full-quarter figure since it absorbed Transplace in the fourth quarter of 2021.

Earnings before interest, taxes, depreciation and amortization for Uber Freight was negative $12 million. That actually is the strongest performance on that measurement since the fourth quarter of 2022, when Uber Freight posted negative EBITDA of $8 million. Its only positive EBITDA quarter was in the third quarter of 2022, at ...