July 22, 2017

Uber adds trucking brokerage firm amid long-haul push

Uber Freight App Icon
UBER Freight app icon from Google Play Store

A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017. Uber Technologies Inc hired the team behind a Chicago transportation brokerage last fall as part of an effort to break into the long-haul trucking industry.

All five employees from 4Front Logistics joined Uber in November, said an Uber spokeswoman, who added that Uber did not pay anything for the company. Brokerages such as 4Front Logistics connect manufacturers and retailers that are shipping goods with truck owners and fleets.

The deal comes as Uber is vying to apply the logistics expertise it has gained ferrying passengers in countries around the world to the trucking industry. That strategy puts it in the middle of a large, highly fragmented industry of freight brokers who match cargo with truck operators.

Uber Chief Executive Travis Kalanick posted a photo on Twitter on Sunday of a large white truck emblazoned with the words “Uber Freight.”

In one of Uber’s first public displays of its interest in trucking, Uber last August acquired self-driving truck startup Otto for $680 million, a deal that is now at the center of a legal battle with Alphabet’s Waymo.

Since launching its push into trucking about a year ago, Uber has […]

From Around The Web

Sponsored Content by AdNow
About NGE Staff 9468 Articles
The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

Be the first to comment

Leave a Reply

Your email address will not be published.