Solar Energy News  
CAR TECH
Uber buys trucking software firm for $2.25 bn
by AFP Staff Writers
San Francisco (AFP) July 22, 2021

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.

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.

"Our expectation is that shippers will see greater efficiency and transparency and carriers will benefit from the scale to drive improved operating ratios."

Uber Freight matches truckers with those looking to ship goods in much the way that the San Francisco-based company uses smartphone apps to pair drivers and passengers for ride-sharing.

The Freight unit has been steadily growing, according to quarterly earnings releases.

"This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem," said unit chief Lior Ron.

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."

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.


Related Links
Car Technology at SpaceMart.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


CAR TECH
Ford, Lyft to collaborate on autonomous ride-hailing venture
Washington (AFP) July 21, 2021
Ford Motor Co. and ride-hailing group Lyft announced plans Wednesday to team up on an autonomous ride-hailing venture that will begin with pilot projects in Miami and Austin, Texas. Under the program Ford self-driving cars, with safety drivers, will be deployed on the Lyft network in Miami later this year and in Austin starting in 2022. The companies are planning to deploy at least 1,000 autonomous vehicles on the Lyft network in various locations over the next five years. Lyft will take a ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

CAR TECH
Catalyzing the conversion of biomass to biofuel

Airbus joins SAF+ Consortium to for sustainable aviation fuels

Cleaner air has boosted US corn and soybean yields

Unlocking the power of the microbiome

CAR TECH
Google parent launches new 'moonshot' for robotics software

MDA awarded next contract for flagship Canadarm3 Program

Smart cards and robots: Saudi Arabia's 'digital hajj'

Getting dressed with help from robots

CAR TECH
For golden eagles, habitat loss is main threat from wind farms

Wind turbines can be clustered while avoiding turbulent wakes of their neighbors

Shell, France's EDF to build US offshore windfarm

Wind and the sun power Greek islands' green energy switch

CAR TECH
Tesla quarterly profits top $1 bn for 1st time

Going electric: Carmakers make the switch

Sales of electric cars charge ahead in Europe

Uber buys trucking software firm for $2.25 bn

CAR TECH
Europe to boost battery production as electric shift accelerates

Gaming graphics card allows faster, more precise control of fusion energy experiments

Tesla mints nickel deal with Aussie mining giant

Manipulating magnets in the quest for fusion

CAR TECH
France would have shut reactor after Taishan-style fault: EDF

UK could bar China firm from nuclear projects: report

Investigating materials for safe, secure nuclear power

Framatome achieves milestone in development of advanced fuel technology

CAR TECH
Blasted by flames, California to modernize its power grid

Powering Iraqi homes one switch at a time

Israel announces plan to slash carbon emissions by 2050

G20 ministers sign deal but stuck on global warming caps

CAR TECH
NASA study finds tropical forests' ability to absorb carbon dioxide is waning

UNESCO removes DR Congo park from endangered list

20% of intact tropical forests overlap with extractive industries

Environment watchdogs oppose lifting of DR Congo logging ban









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.