Seattle IT Circle: seattleit
[Today's Author] Tractor
Tractor in IT circle
Uber Freight
Uber Freight is a subsidiary of Uber
Help American truck drivers match freight orders
And settle bills in time
Uber equivalent to trucks
Uber Freight recently announced that it has
US$500 million financing led by GreenBriar
Valuation of up to 3.3 billion US dollars
This service started in 2017
Already have more than 65,000 carriers
And cooperate with AB Inbev, Nestle, LG, Heineken, etc.
Xiaobian introduced in Seattle
Convoy
There is a startup company Convoy
Is a direct competitor of Uber Freight
Convoy’s latest financing information was last November
Raised $400 million at a valuation of $2.7 billion
And dug up the former CEO of Expedia
Mark Okerstrom as new president
Convoy currently raises more than $668 million in total
Investors include Microsoft co-founder Bill Gates
Amazon founder Jeff Bezos
Salesforce CEO Marc Benioff
Former Starbucks President Howard Bihar and others
Uber Freight this time
In addition to announcing financing news
Also announced the most recent quarter's revenue
Adjusted net income was $211 million
Account for 11% of Uber's total revenue
This is an increase from US$167 million in the same period last year
Quarterly loss of 49 million US dollars
Lower than the $52 million in the same period last year
The outbreak that began at the beginning of the year caused Uber
Main business suffered a huge blow
Uber Freight's services are also affected
Truck demand surged in March and plummeted in April
Then rebounded to the current all-time high
Does it look like the U.S. stock market?
What is the outlook for Uber Freight?
For an emerging market
Its growth rate can be said to be very average
And this market is extremely competitive
Uber Freight’s opponent is far more than Convoy
There are many other direct opponents
Such as Transfix, Trucker Path, DAT
And Sennder, who just acquired Uber Freight's European business
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