The sharing economy has already revolutionized how people travel between places – and now it’s beginning to transform how goods are transported.
Seven years after launching its car ride services, Uber is spreading into carrying freight – a sign of the major changes shaking up the logistics sector. After a soft launch in Texas a few months ago, Uber Freight is now rolling out in other parts of the U.S. It offers attractive seven-day payment terms to drivers as well as the use of an app which could enable them to carry a full load all the time, rather than making empty return journeys. In theory, this should increase the capacity of trucks – even though these vehicles already carry 70 per cent of goods transported in the U.S ., according to the American Trucking Association.
But Dr Walter Kemmsies , Managing Director, Economist and Chief Strategist for JLL’s U.S. Ports, Airports and Global Infrastructure Group, sees the Uber Freight move as a symptom of an overhaul in logistics rather than as being the catalyst for revolution by itself. “Its entry into the market is part of the e-commerce boom we are seeing in industrial real estate,” […]