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Uber Freight operates a digital logistics marketplace that connects shippers needing to move goods with carriers with available truck capacity. It streamlines the process of booking, managing, and paying for freight shipments through a single platform, serving a range of customers from small businesses to large enterprises. The platform matches shipments with carriers, offers dynamic pricing, and provides visibility, routing, and payment features to simplify transportation management. Unlike traditional brokers, Uber Freight leverages a large, integrated network and real-time data to enable fast, transparent transactions with scalable capacity. The company's goal is to make freight shipping faster, more transparent, and cost-efficient by bringing demand and carrier capacity together in one digital marketplace.
Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
Company Size
5,001-10,000
Company Stage
Series A
Total Funding
$500M
Headquarters
Chicago, Illinois
Founded
2017
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Total Funding
$500M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Parental Leave
Short- and Long-Term Disability Coverage
Life Insurance
Financial and Mental Wellness Benefits
Performance Bonus
Company Equity
Hybrid Work Options
Uber Freight has appointed Amir Pelleg as chief product officer to advance its AI-driven transportation management platform. Pelleg brings over 25 years of experience leading product, engineering and operations teams at companies including Amazon, Convoy and Dandy. The appointment reflects Uber Freight's focus on technology that helps customers make faster decisions and reduce supply chain complexity. Pelleg said AI can connect fragmented data across disconnected systems, enabling more proactive network management. He emphasised that effective products must address actual customer problems rather than simply deploy new technology. Pelleg cited fragmentation as a major obstacle facing modern supply chains, with data often siloed across different systems. San Francisco-based Uber Technologies operates three platforms: Uber ride-hailing, Uber Freight logistics, and Uber Eats delivery services.
Uber Freight reported its first year-on-year revenue increase in two years, rising to $1.34 billion from $1.26 billion in the first quarter. The digital broker recorded an operating loss of $30 million for the quarter. This marks the first time Uber reported its three segments—Mobility, Delivery and Freight—on an operating income basis rather than EBITDA. Previous quarters showed operating losses of $26 million, $40 million and $18 million for the second, third and fourth quarters of 2024, respectively. CEO Rebecca Tinucci attributed the revenue growth to strong enterprise demand and managed transportation performance, noting the company maintained service levels whilst competitors pulled back during market tightening. Uber Freight has only achieved positive EBITDA twice since inception, both in 2022.
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Uber Freight, Uber's shipping and logistics arm, raised $500 million in Series A preferred stock financing, led by Greenbriar, valuing the business at $3.3 billion. Uber remains the majority stakeholder. The funding will aid market expansion and product innovation. Uber Freight connects shippers with nearly 65,000 carriers and serves several Fortune 500 companies. The company is headquartered in Chicago and recently launched new enterprise software solutions.
The combination of trusted services and technology solutions will reduce friction across the supply chain and enable a new era of logistics management. Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight. The transaction brings together Uber Freight’s vast network of digitally-enabled carriers with Transplace’s trusted shipper technology and operational solutions, ultimately creating one of the world’s leading logistics technology platforms to meet the rapidly evolving needs of shippers and carriers alike. “Logistics is going through a historic transformation. Unprecedented volatility, increasing supply chain complexities, and escalating shipping costs are driving shippers to modernize
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Industries
Data & Analytics
Automotive & Transportation
Enterprise Software
Company Size
5,001-10,000
Company Stage
Series A
Total Funding
$500M
Headquarters
Chicago, Illinois
Founded
2017
Find jobs on Simplify and start your career today