Uber freight is terrible!!! Beware

I logged into the Uber App today, first time in a while. There was a new updated contract that popped up. The way I read section 8, they are wanting acess to your ELD/ELD provider. That is never going to happen... Am I reading this wrong?

Have any of you signed/agreed to the new contract?

 

There is an entire other thread about it right now.

Uber now wants ELD access

 

Ughh... I have seen that exact thing!

Didn't know that, You learn something every day. Thanks!

Cool.

Que?

 

I've hauled several loads for them and except for a few hiccups which happens everywhere else I neither like or dislike them.

It's been a mostly positive experience with them.

The loads paid pretty well, also.

 

It would take some courage on this forum for someone to actually say they they like them. LOL
I gotta say that I love them for the last few weeks. I bid and win the bids and they pay everything including detention...Keep it up Uber Freight.

 

I can't imagine they will be around forever. Uber Freight has lost almost $150 million over the last 3 quarters, and I would guess the losses in Q3 of this year will be especially massive. Typically they can float those losses with the very profitable Uber Ride Share platform, but that has significantly dropped off since the pandemic started.

 

Been kind of my thought, as well. It's really difficult to price out the freight industry like they did with taxis.

 

I think quite the contrary. I see them, and Convoy, as a the precursors of the modern spot market freight matching. Of course, in the areas where it is possible at all. But the areas are quite vast.

Many traditional brokers of a larger size are going that direction too. So the concept is not so forlorn.


Definitely, Uber has more listings from what I saw when the first started 3-4 years ago.
The customer base is growing too. And for the most part the idea passes the exam.

Whatever financial difficulties they have, I don't think they are because of their very idea of brokering.
Some internal mess, maybe.

 

When Uber broke into the freight market, didn't they say they were prepared to lose something like a half a billion dollars (or more) in order to gain market share?

 

It's less the concept that I see as the flaw, but their business strategy. They're playing the "we can take a loss to cut the other guys' out" game.

I'm not certain, to be honest. I know they've probably lost close to that already. Their quarterly loss reports are pretty eyepopping.