Uber Freight pushes deeper into last-mile freight market
Partnering with Better Trucks, Uber is building a “middle-mile” network for last-mile deliveries as shippers seek lower-cost transportation solutions.
Partnering with Better Trucks, Uber is building a “middle-mile” network for last-mile deliveries as shippers seek lower-cost transportation solutions.
Responding to market weakness that resulted in an 83% year-on-year decline in third-quarter profits, the carrier said it is “optimizing operations by adjusting port calls and vessel deployment across trade lanes.”
The expanded arrangement enables both companies to leverage each other’s service areas and includes Uber Freight taking a minority stake in the delivery provider.
With money being saved through tax incentives under the One Big Beautiful Bill Act, the funds will provide manufacturers with opportunities to invest in their business, such as AI, said Jennifer Clement, CLA’s client relationship leader.
The rebels are incentivized to keep up some level of threat in the Red Sea because they are loathe to give up leverage that generates financial and military support, according to an S&P Global analyst.
Doug Otto will serve an 15-month term at the helm of the port due to previous plans to retire in early 2027, but will oversee projects that aim to position Mobile as a gateway for reaching inland US markets.
With 196,000 TEUs of new capacity added to its fleet, the latest orders mean Evergreen will leapfrog both Hapag-Lloyd and Ocean Network Express in global capacity to become the fifth-largest container line.
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The port is on track to match or exceed the record-setting 9.6 million TEUs it handled a year ago, primarily thanks to shipper frontloading, CEO Mario Cordero said.
Shippers using truckload visibility platforms need accurate data to run their supply chains, but face hurdles in onboarding carriers in Europe.