LTL price hikes by US carriers expected to stick, despite softer market
Although demand has declined slightly, general rate increases announced by major LTL carriers in the ...
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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