Updated Jul. 2 @ 12:30 pm Uber Freight, listed as an unsecured creditor of Del Monte in its filing, responded to the news ...

According to the wider Uber company's most recent quarterly earnings report, Uber Freight lost $19 million dollars in Q3 this year before interest, tax, depreciation, and amortization.

Uber Technologies (NYSE:UBER) highlighted on Wednesday a significant use case of AI for its freight business. Uber Freight unveiled what it called the industry's first scaled AI logistics network.

The company now manages 1.5 million square feet of warehouse space for cross-border logistics, making Uber Freight one of the leading providers of cross-border warehousing solutions in Mexico.

Uber Freight works with a lot of Fortune 500 companies, but it found a particularly willing partner in Colgate-Palmolive to trial Insights AI and its other new tools.