Investors load US$500m into Uber's trucking business

📆 03/10/2020 09:13 a. m.
📰 BusinessTimes

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

México Noticias Noticias

México Últimas Noticias,México Titulares

[SAN FRANCISCO] Uber on Friday said an investment group led by Greenbriar Equity is pumping US$500 million into its trucking unit. Read more at The Business Times.

Uber said it will retain a majority stake in Freight, using the money to expand the logistics platform and speed up technology innovation.

"We believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a complex marketplace." Uber reported a US$1.8 billion loss in the second quarter of this year as the Covid-19 pandemic caused its shared-ride business revenue to plunge.

Escribir Comentario

Load up until all independent truckers are driven out of business.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

US factory orders miss expectations; business spending improvingNew orders for U.S.-made goods increased less than expected in August, though business spending on equipment appeared to be recovering, which ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »