UBER FREIGHT

Uber Freight Completes Acquisition of Transplace

Retrieved on: 
Monday, November 15, 2021
Software, Technology, Supply Chain Management, Online Retail, Logistics, Supply Chain Management, Transport, Mobile, Wireless, Retail, Legislation, Oliver Cromwell, AB InBev, Industry, ADG, Ecosystem, D1 Capital Partners, Failure, Government, FUM, Security (finance), CEO, Uber, Technology, Â, Kirkland & Ellis, Transport, COVID-19, Sullivan & Cromwell, Forward-looking statement, Annual report, GCM, Partnership, Cooley LLP, Acquisition, U.S. Securities and Exchange Commission, TPG Capital, Solution, GCM Grosvenor, NYSE, Communication, Morgan Stanley, Risk, Goldman Sachs, LG, Cargo, Rail freight transport, Uber Freight, Transplace, UBER FREIGHT, TRANSPLACE

Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction.

Key Points: 
  • Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction.
  • As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight.
  • By acquiring Transplace, were able to accelerate our vision for a seamless freight ecosystem and create the worlds first true freight operating system.
  • This communication contains forward-looking statements regarding Uber Freight Holding Corporation (Freight, we or our) future business expectations which involve risks and uncertainties.

Uber Freight Partners with Marqeta and Branch to Offer Faster Payments and Fuel Rewards for Carriers

Retrieved on: 
Monday, October 25, 2021
Trucking, Retail, Other Retail, Transport, Oil, Gas, Energy, SVP, Technology, LinkedIn, Industry, Association, Workforce, American Trucking Associations, Twitter, Partnership, Uber, Transport, LG, Running, NASDAQ, AB InBev, International, Pressure, COVID-19, API, Money, FDIC, Food delivery, Online shopping, Marqeta (NASDAQ: MQ), Branch, Uber Freight, MARQETA (NASDAQ: MQ), BRANCH, UBER FREIGHT

To expand their offerings and extend that speed, control, and transparency to the carrier payment experience, Uber Freight has partnered with Marqeta and Branch.

Key Points: 
  • To expand their offerings and extend that speed, control, and transparency to the carrier payment experience, Uber Freight has partnered with Marqeta and Branch.
  • Through Marqetas modern card issuing platform and Branchs digital wallet, Uber Freight can pay carriers significantly faster than the industry standard, at no additional cost.
  • The Uber Freight Card powered by Branch provides Uber Freight carriers a free-to-use card to easily spend funds from the Branch Wallet, and fuel rewards to support drivers on their biggest expense.
  • Branch is the leading workforce payments platform that partners with businesses to accelerate payments and empower working Americans.

Uber Freight to Acquire Transplace

Retrieved on: 
Thursday, July 22, 2021
Data management, Automotive, Technology, Logistics, Supply chain management, Transport, Software, Fleet management, Freight transport, Location-based software, Uber, Lior Ron, TPG Capital, Cargo, Transport, California, Industry economics), Uber Freight, Transplace, TPG, UBER FREIGHT, TRANSPLACE, TPG

Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freights parent company, Uber Technologies, Inc. (NYSE: UBER) and the remainder in cash.

Key Points: 
  • Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freights parent company, Uber Technologies, Inc. (NYSE: UBER) and the remainder in cash.
  • Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG.
  • This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem, said Lior Ron, Head of Uber Freight.
  • The combination of Uber Freight and Transplace will optimize the movement of freight across the entire marketplace and deliver best-in-class services to shippers, while also unlocking opportunities for carriers.