• Uber Boosts Trucking Push With $2.25 Billion Deal To Buy Freight Service Transplace

    2 days ago - By Forbes

    The ridehail giant aims to turn its Uber Freight unit into a top player in arranging and tracking shipments of goods.
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  • Uber Freight acquires Transpace for $2.25B

    2 days ago - By Tech Crunch

    Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital, according to regulatory filings. The deal announced Thursday will involve $750 million in Uber stock with the remainder in cash.
    The acquisition of Transplace marks a ramping up of Uber Freight's business as it aims to carve out market share in its existing markets and an expansion in Mexico. Uber Freight also sees the acquisition as a means to accelerate the company's path to profitability and help the segment to break even on an Adjusted...
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