June 28, 2017

Uber Enters Logistics Industry With Uber Freight

Semi trucks of different brands of classical and modern styles and different colors lined up in a straight line in a row
Copyright: vitpho / 123RF Stock Photo

After disrupting the taxi industry, ride-sharing startup Uber Technologies, Inc. is taking aim at the freight industry. Yesterday, the San Francisco-based company announced Uber Freight , an app that connects trucking companies and drivers with shippers.

The new app’s workflow and interface is similar to the one that Uber uses for its ride-sharing services. This means that, after downloading the app, users (in this case, shippers) will be able to view nearby drivers vetted by the company and book loads. The app sends a rate confirmation “within seconds.” Uber also promises to pay trucking companies within seven days, a substantial improvement from the usual 30-35 days required for payment. In its blog post, Uber stated that it had built a team of industry experts, leading technologists and truck drivers to “push the industry forward.”

The trucking industry had record revenues of $726 billion in 2015 but is expected to face weak demand this year.

Much like its earlier app, the company has cast its move into the freight industry as one that aims to “level the playing field” between drivers and suppliers by removing freight brokers, who are generally responsible for connecting drivers with suppliers […]

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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.

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