Location-based software

Uber Freight to Acquire Transplace

Thursday, July 22, 2021 - 2:00pm

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.

Lyft and HERE Technologies partner to improve the rideshare experience through better data

Wednesday, July 21, 2021 - 1:00pm

The new features increase search accuracy and the customer experience on Lyft's platform, while keeping user data private.

Key Points: 
  • The new features increase search accuracy and the customer experience on Lyft's platform, while keeping user data private.
  • Destination searches and ETAs have always been a crucial part of the overall Lyft user experience, said Ashwin Raj, Head of Rideshare at Lyft.
  • HERE will also improve the efficiency of our marketplace, creating more reliability as well as a better experience for our riders.
  • Together, the two companies are exploring additional ways to use HEREs precise search and location data to garner more insights for Lyft riders.

Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network by End of 2021

Wednesday, July 21, 2021 - 4:24pm

In an industry-first collaboration, Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale.

Key Points: 
  • In an industry-first collaboration, Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale.
  • Argo AI and Ford will deploy Ford self-driving cars, with safety drivers, on the Lyft network, as part of a network access agreement, with passenger rides beginning in Miami later this year and in Austin starting in 2022.
  • As vehicles are deployed, Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride.
  • Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles.

Zignal Labs Appoints Guy Churchward as New CEO

Tuesday, July 20, 2021 - 2:00pm

Adam Beaugh, the companys Co-Founder and most recent CEO, will step into the role of President.

Key Points: 
  • Adam Beaugh, the companys Co-Founder and most recent CEO, will step into the role of President.
  • Guy, with his deep experience and history of successfully scaling sophisticated enterprise technologies like Zignals, is the ideal person to lead us now.
  • Churchward is an accomplished five-time CEO, with leadership roles in nine companies with successful outcomes.
  • Headquartered in San Francisco, Zignal serves customers around the world, including Expedia, Synchrony, Prudential, The Public Good Projects, and Uber.

Woven Planet Holdings, a Subsidiary of Toyota Motor Corporation, Closes Acquisition of Lyft's Level 5 Division

Tuesday, July 20, 2021 - 1:01am

TOKYO, July 20, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021.

Key Points: 
  • TOKYO, July 20, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021.
  • With the acquisition in place, Woven Planet will be provided with technology, talent, and an international footprint that will accelerate its efforts.
  • "As the first major acquisition for the Woven Planet Group, Level 5 represents a significant investment in our future.
  • Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.

Lyft To Announce Second Quarter 2021 Financial Results

Monday, July 19, 2021 - 9:05pm

Lyft, Inc. (Nasdaq: LYFT) (the Company or Lyft), today announced that it will release financial results for its second fiscal quarter ended June 30, 2021 after the close of the market on Tuesday, August 3, 2021.

Key Points: 
  • Lyft, Inc. (Nasdaq: LYFT) (the Company or Lyft), today announced that it will release financial results for its second fiscal quarter ended June 30, 2021 after the close of the market on Tuesday, August 3, 2021.
  • On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights.
  • Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada.
  • As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change.

Uber Accelerates National Grocery Availability Across the U.S.

Monday, July 19, 2021 - 2:00pm

Today, Uber Technologies, Inc. (NYSE: UBER) announced that its on-demand and scheduled grocery delivery is now available to Uber and Uber Eats customers in over 400 cities and towns across the U.S., including major markets like San Francisco, New York City, and Washington DC.

Key Points: 
  • Today, Uber Technologies, Inc. (NYSE: UBER) announced that its on-demand and scheduled grocery delivery is now available to Uber and Uber Eats customers in over 400 cities and towns across the U.S., including major markets like San Francisco, New York City, and Washington DC.
  • This marks Ubers first major grocery expansion in the U.S., more than doubling the availability of the offering this week, and accelerating its grocery rollout this year with a 1,200-store partnership with the Albertsons Companies, Inc. (NYSE: ACI).
  • Since launching in July 2020, Uber has seen consistent growth in the U.S. for its grocery category.
  • On all grocery orders over $30, Uber Pass and Eats Pass customers will get $0 delivery.

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against James River Group Holdings, Ltd.

Saturday, July 17, 2021 - 12:00am

Investors have until September 7, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until September 7, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • On October 8, 2019, after the market closed, James River disclosed it had delivered a notice of early cancellation of all policies issued to its largest customer, Rasier LLC, a subsidiary of Uber.
  • Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

SHAREHOLDER ALERT: Robbins LLP Announces That James River Group Holdings, Ltd. (JRVR) Is Being Sued for Misleading Shareholders

Wednesday, July 14, 2021 - 8:13pm

James River owns and operates a group of specialty insurance and reinsurance companies.

Key Points: 
  • James River owns and operates a group of specialty insurance and reinsurance companies.
  • If you suffered a loss due to James River Group Holdings, Ltd.'s misconduct, click here .
  • Uber became James River's largest contract, accounting for more than 25% of the Company's premiums in 2019.
  • Notwithstanding, on May 5, 2021, James Rivers disclosed an additional $170 million of unfavorable reserves related to the Uber policies.

Uber Announces Date of Second Quarter 2021 Results Conference Call

Tuesday, July 13, 2021 - 9:30pm

Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its second quarter 2021 financial results on Wednesday, August 4, 2021 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its second quarter 2021 financial results on Wednesday, August 4, 2021 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • A live webcast of the conference call and earnings release materials can be found on Ubers Investor Relations website at investor.uber.com .
  • A replay of the conference call will be accessible for at least 90 days.
  • Accordingly, investors should monitor the companys Investor Relations website, in addition to following the companys press releases, SEC filings, public conference calls, presentations, and webcasts.