Uber Freight buys Transplace for 2.25BILLION

Discussion in 'Freight Broker Forum' started by keen98, Jul 23, 2021.

  1. keen98

    keen98 Road Train Member

    Jul 19, 2014
    86scotty and mp4694330 Thank this.
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  3. Dino soar

    Dino soar Road Train Member

    Dec 8, 2017
  4. Howard A Read

    Howard A Read Bobtail Member

    Jul 22, 2021
  5. ibcalm19

    ibcalm19 Road Train Member

    Nov 30, 2015
    The ✂️ will be out cut, cut & cut. Nothing will be left until they figure out no one will haul for those cheap rates.
    Lite bug Thanks this.
  6. keen98

    keen98 Road Train Member

    Jul 19, 2014
    Well Uber has a long way to go because right now their app sucks and their bidding process is a joke. Not to mention if you have any issues on loads and you call in for help its all foreigners from overseas that have no clue wtf is going on.
  7. TallJoe

    TallJoe Road Train Member

    Apr 12, 2016
    You can't escape Uberization and Amazonation. The quicker someone adapts the better.
    Uber works for me. They're like most of those mega brokers, just need to be lucky to pick out those sweet raisins out of the dough. They pay quickly and firmly.
    I am extremally careful where and when the loads goes to.
    You have to know how to work them.
    IF it is outbound, I go out of my way to confirm the load credentials...call receiver (shipper does not matter as much) to find out how good the info is.
    IF it is a home backhaul - I don't care as much - the worst can happen is me waiting at home.
    For detention, always call 1 hour before, use the app and then follow up.

    At problematic situation, yes, you are left to deal with overseas call centers but if the situation becomes too critical someone from the States will contact you. Unfortunately, it seems to be the trend with most of the big brokers these days, except maybe for CH Robinson and Coyote.
    No Exit and 86scotty Thank this.
  8. Midwest Trucker

    Midwest Trucker Road Train Member

    Aug 31, 2018
    I’m not a fan of either one before or now after a merger.

    Has Uber EVER made a profit? Kinda crazy they can buy companies for billions of dollars when the only reason they have money is through speculative investors.
    stwik, SteveScott, Lite bug and 6 others Thank this.
  9. ProfessionalNoticer

    ProfessionalNoticer Medium Load Member

    Apr 25, 2021
    I wonder if they operate at a loss? Money is still made even when the books are, "negative".
    No Exit Thanks this.
  10. JimmyTwoTimes

    JimmyTwoTimes Light Load Member

    Aug 23, 2019
    Uber mobility (aka ride share, their taxi thing, w/e you want to call it) is profitable every quarter except maybe during the pandemic. It did 300 mil in adjusted Ebidtda in Q1 of this year as an example. Between that and investor money is how they stay afloat; all their other business segments and debts cost the company 650 million, so they finished the quarter losing 350 million as a whole.

    It's going to be interesting to see how (and when) this changes how Transplace manages the freight they already possess.
    ProfessionalNoticer Thanks this.
  11. PPDCT

    PPDCT Road Train Member

    Jun 15, 2017
    St. Paul, MN
    Considering that that 2.25 billion is something like 12% of their overall net worth as of first quarter this year, Uber's really going to need that to hit. I don't think it will. It doesn't seem like they necessarily understand freight. Color me curious, though. I'm glad that I still haven't given Uber a single solitary penny.
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