Uber Freight set to buy Transplace for $2 25bn logisticsmanager.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmanager.com Daily Mail and Mail on Sunday newspapers.
Friday, 23 Jul 2021 07:36 AM MYT
Uber Freight matches truckers with those looking to ship goods in much the way that the San Francisco-based company uses smartphone apps to pair drivers and passengers for ride-sharing. ― AFP pic
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SAN FRANCISCO, July 23 ― Uber yesterday announced a US$2.25 billion (RM9.5 billion) deal to beef up its freight unit with the acquisition of a firm specializing in logistics management software.
Combining Texas-based Transplace with Uber Freight will create a huge, comprehensive transportation and logistics network, the companies said in a joint release.
Hot Freight Opinions: Reaction to Uber Freight acquiring Transplace
$2.25 billion deal a ‘game-changer,’ according to a FreightWaves expert 4 minutes read
On Thursday,
Uber Freight announced the acquisition of Transplace for $2.25 billion, a deal the companies say will “create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and logistics networks in the world.”
We asked FreightWaves experts to provide us their Hot Freight Opinions (HFOs) on the deal:
Craig Fuller, founder and CEO
This is a monster deal in the FreightTech space and makes strategic sense for Uber Freight (NYSE: UBER). Uber Freight will now have direct access to more freight than almost any other domestic surface freight provider.
Uber Freight to acquire Transplace arkansasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arkansasonline.com Daily Mail and Mail on Sunday newspapers.
Uber Freight acquires Transpace for $2 25B – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.