Uber Freight is expanding its services while Uber's core ride-hailing business stagnates

largest ports. Powerloop's pool of preloaded trailers enables shippers to pick up and drop off full trailers instead of waiting for their own trailer to be loaded and unloaded. The tool aims to reduce dwell times, which is the time spent by a truck at a facility and not on the road. The US Department of Transportation

that dwell times reduce US truck companies' annual earnings by up to $1.3 billion. Moreover, long dwell times can have a domino effect on a company's supply chain and cause delays in production or late shipments to customers.a load bundles tool to enable drivers to book multiple loads at once. The bundle feature enables drivers or dispatchers to simultaneously book a load and a nearby reload together to reduce deadhead miles — time spent driving without a load.

To counter this, Uber is investing in expanding its promising digital freight business — Uber CEO Dara Khosrowshahi

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Source: CNBC - 🏆 12. / 72 Read more »

Light Street's Glen Kacher says there's profitability in sight for Uber and Lyft despite falling stocksNewly public ride-sharing companies Uber and Lyft have tumbled 25% since their initial public offerings, but Light Street's Glen Kacher still believes there's a path for profitability for them.
Source: CNBC - 🏆 12. / 72 Read more »