Uber picks up logistics firm for US$2.25bn

uber picks up logistics firm for us2 25bn

Sumary of Uber picks up logistics firm for US$2.25bn:

  • Combining Texas-based Transplace with Uber Freight will create a huge, comprehensive transportation and logistics network, the companies said in a joint release.
  • “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.
  • “This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem,” said unit chief Lior Ron.

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