Full-Time
Confirmed live in the last 24 hours
Senior
Laredo, TX, USA
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Company Size
5,001-10,000
Company Stage
Series A
Total Funding
$486.4M
Headquarters
Chicago, Illinois
Founded
2017
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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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