Who Owns Uber Freight

SAN FRANCISCO & FRISCO, Texas–(BUSINESS WIRE)– Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc.

How well is Uber Freight doing?

(Uber Freight reported $288 million in revenue last quarter, up 43% year over year; Convoy hasn’t reported revenue but is valued at $2.7 billion.) But as trucking capacity continues to tighten, the digital freight brokerage industry has only seen its star rise.

Is Uber freight a separate company?

Uber Freight, a separate division of Uber, offers similar software tools to manage supply chains and shipping. Uber Freight says it has over 70,000 carriers on its network that can ship items for companies.