Employees included in the Uber Freight layoffs will be granted departure packages. That includes severance, as well as extended healthcare and a bonus payment for their work in 2022.

Launched in 2017, freight was only doing $400 million in quarterly gross bookings for Uber just before its $2.25 billion acquisition of managed transportation company Transplace in late 2021.

Uber Freight has been primarily focused on truckload shipments since its founding in 2017. LTL is the natural next step, with the company viewing it as in high demand and ripe for innovation.

Uber Freight also established a headquarters in Chicago as part of its parent company’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers.

Aurora’s self-driving trucks are hauling goods for Uber Freight customers in Texas as part of a multiphase commercial pilot that aims to more closely integrate the two companies. While the pilot ...

Uber Freight is stepping up efforts to expand in Europe’s fragmented logistics market and aims to increase tenfold to 2 billion euros its freight under management by 2028.

Uber Freight and Greenlane are joining forces to smartly deploy heavy-duty charging stations to power America’s growing electric truck fleet. The two companies are aiming to lift a barrier to ...

Since launching Uber Freight, its freight-matching app for owner-operators and small fleets, Uber has seen some controversies and lawsuits, shut down its automated trucking division, increasing ...

Uber last reported earnings on Feb. 8, with the freight business generating revenue of $1.5 billion in the quarter ending Dec. 31, up 43% year-over-year, But the headline figure does not tell the ...

With cargo shipments falling in the post-pandemic era, some shippers have turned to artificial intelligence to boost efficiency. The freight unit of Uber Technologies Inc. has tapped its vast data ...

Hub-to-Hub Autonomous is a 'Sizable Opportunity' Using a nationwide freight model, Uber said the hub-to-hub model presents a sizable opportunity, with an immediate addressable market of 25 billion ...

Uber Freight has built one of the most extensive logistics networks with over 130,000 carriers and thousands of shippers from Fortune 500 companies like LG, AB InBev, Nestle, and Land O’ Lakes.