{"id":305771,"date":"2021-07-22T21:51:48","date_gmt":"2021-07-22T18:51:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uber-buys-trucking-software-firm-for-2-25-bn\/"},"modified":"2021-07-22T21:51:48","modified_gmt":"2021-07-22T18:51:48","slug":"uber-buys-trucking-software-firm-for-2-25-bn","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uber-buys-trucking-software-firm-for-2-25-bn\/","title":{"rendered":"#Uber buys trucking software firm for $2.25 bn"},"content":{"rendered":"

“#Uber buys trucking software firm for $2.25 bn<\/strong>”<\/p>\n

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\"Uber
\n Uber is acquiring a software firm to help expand its Freight division.
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Uber on Thursday announced a $2.25 billion deal to beef up its freight unit with the acquisition of a firm specializing in logistics management software.<\/p>\n

Combining Texas-based Transplace with Uber Freight will create a huge, comprehensive transportation and logistics network, the companies said in a joint release.<\/p>\n

“The acquisition will combine the world’s premier shipper network platform with one of the industry’s most innovative supply platforms,” said Transplace chief executive Frank McGuigan.<\/p>\n

“Our expectation is that shippers will see greater efficiency and transparency and carriers will benefit from the scale to drive improved operating ratios.”<\/p>\n

Uber Freight matches truckers with those looking to ship goods in much the way that the San Francisco-based company uses smartphone app<\/a>s to pair drivers and passengers for ride-sharing.<\/p>\n

The Freight unit has been steadily growing, according to quarterly earnings releases.<\/p>\n

“This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem,” said unit chief Lior Ron.<\/p>\n

Ron contended that the acquisition will result in “an industry-first shipper-to-carrier platform that will transform shippers’ entire supply chains, delivering operational resilience and reducing costs at a time when it matters most.”<\/p>\n

Uber is buying Transplace from private equity firm TPG Capital, with $750 million of the $2.25 billion purchase price coming in the form of shares in Uber Technologies, according to the companies.\n <\/p>\n\n

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Investors load $500 mn into Uber’s trucking business\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Uber buys trucking software firm for $2.25 bn (2021, July 22)
\n retrieved 22 July 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-07-uber-trucking-software-firm-bn.html<\/p>\n

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