With that in mind, and after posting disappointing earnings in the second quarter, Uber Freight may be a rare bright spot in Uber’s portfolio. Hometown Food Company Taps ODW Logistics to Provide Supply Chain Services for Major Baking B... SupplyPike to Sponsor NWA Blood Drive for a Week, Supply chains unravel as Myanmar military escalates retaliation to protests, BJ's sees surging curbside pickup business, Foxconn set to make iPhone 12 in India, shifting from China, How BiC Streamlined Product Packaging & Improved Time to Market, Industry Dive publications named finalists for Website of the Year; 14 Azbee Awards, SPS Commerce Fulfillment for SAP S/4HANA® Now Available on SAP® Store, Impact Analytics Raises $11M led by Argentum to Accelerate Growth, Tight ocean market, extended lead times push shippers to airfreight, Knight-Swift focuses on drop trailers, pools to 'ebb and flow' in volatile market. This year has been one of growth at the digital freight startup. Brian Tucker / Supply Chain Dive Coronavirus: A lesson in supply chain risk management A quarantine put supply chains' risk management strategies to the test as it left manufacturing facilities without the workers needed to reach full production, reduced demand for ocean freight and cut airfreight … To see the full story visit SupplyChainDive.com. And what were the effects on U.S. businesses? Blue Yonder and Uber Freight has announced a collaboration to help businesses create efficient and transparent global supply chains at a vital time. Supply Chain Dive FedEx to convert parcel fleet to EVs by 2040, eyeing a carbon neutral future March 08 Commercial Carrier Journal From 'wash boy' to 50-truck fleet owner, and still a driver, Craig Zeller recounts one of the toughest and strangest years in his career March 08 In June, The Wall Street Journal cited Morgan Stanley analysis suggesting the platform was offering below-market pricing in an effort to gain market share. Lior Ron, head of Uber Freight, described the offering as "essentially a generic app interface" that allows carriers to offer Uber Freight's capabilities to shippers without transacting through the company. Our mission at Uber Freight is to make the day-to-day lives of truck drivers easier and their work more efficient by leveling the playing field. After months of beta tests, a Twitter teaser and and autonomous beer-run, Uber Freight is now available for Android and iPhone users nationwide, according to a company Medium post. Dive Brief: Starting today, Uber Freight drivers will be able to rate facilities where they pickup and drop off freight for amenities like wait time, parking and bathroom access within the Uber Freight app, according to a press release "We think this will be a compelling opportunity for carriers," Ron said, pointing to benefits such as consistent interface for shippers across the carrier base and emphasizing that Uber Freight won't use the data but rather "enable the transaction.". Uber Freight has spent much of the last year partnering with TMS providers to make its service easier to integrate into supply chain managers' workflows. To date, it has partnered with Oracle, MercuryGate, SAP, BluJay and Blue Yonder. Â. An Uber spokesperson confirmed to Supply Chain Dive that Uber Freight is not affected by the layoffs and those plans are still in place. Just ask its biggest fan. The Uber Freight platform matches carriers with customers (shippers) in order to maximize the efficiency of freight flows. Blog Convoy, an Uber Freight competitor, receives new round of funding from Bill Gates Convoy, an Uber Freight competitor, receives new round of funding from Bill Gates Dive Brief: Convoy Inc., a two-year-old Seattle creator of trucking transport software similar to Uber Freight, received fresh funding of $62 million from Bill Gates's Cascade Investment and other backers, Bloomberg … After all, freight doesn't move without carriers, and a competitive carrier base will draw shippers. Uber Freight Link may put the company in competition with pure software players with TMS on offer. It’s still hard to say. “Innovation is an important element across the entire Heineken business, and supply chain is no different. The new software plays will put more shipper data in Uber's hands. Dive Brief: Uber Freight launched a tool Thursday allowing shippers to view and book real-time market rates up to two weeks in advance. With that in mind, and after posting disappointing earnings in the second quarter, Uber Freight may be a rare bright spot in Uber’s portfolio. Discover announcements from companies in your industry. 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Blue Yonder and Uber Freight have announced a partnership designed to help businesses build efficient and transparent global supply chains at a crucial time. With the 2,000 new hires, Uber has pledged to spend $200 million per year on Uber Freight. Blue Yonder, Uber Freight in digital supply chain drive Article page | Supply Chain Digital Subscribe to Supply Chain Dive to get the must-read news & insights in your inbox. Supply chain and logistics news Dive Brief: Uber Freight, Uber Eats and other non-ridesharing lines of business are the bright spots in terms of growth for Uber Technologies, according to a Thursday filing with the Securities and Exchange Commission ahead of the company's upcoming initial public offering (IPO). News Uber Freight’s Market Access solution helps shippers manage supply chain risks Freight Enterprise tool gives businesses confidence is volatile times In February, Uber Technologies Inc. released its fourth-quarter earnings, showcasing its subsidiary, Uber Freight, which experienced momentous 43% growth in gross bookings, rising from $219 million in the fourth quarter last year to … Uber Freight declined to comment on the report. Ron said the lack of digitization among brokers and carriers has created unmet need in the market. The Oracle platform also integrates quotes from Loadsmart and other digital brokers that the software giant has yet to announce, a spokesperson told Supply Chain Dive. The new platform aims to help shippers manage Uber Freight brokered loads at a greater scale. Beyond digital documentation, exception management and facility ratings that can reveal the reasons for delays, Ron presented Link as a way carriers can make a step-change in their digitization, which in turn benefits shippers. Robinson's Navisphere is able to provide real-time pricing and instant booking through nearly 20 TMSs. Twitter. The latest round is part of work that began in July with 400 layoffs, all from the marketing department, explained CEO Dara Khosrowshahi in an email to staff Monday. ", Between the July layoffs and this latest round, Uber spoke about Uber Freight at Morgan Stanley’s Laguna Conference. Emma Cosgrove They formed TMC, a division of C.H. "The level of scrutiny on them as supply chain professionals is much higher," he said, adding that visibility is the next best thing to predictability in volatile circumstances. At SAP, I’m a global VP and head of Logistics Business Network, a part of our development organization. The division is certainly growing, but the losses may indicate discounts or other customer acquisition expenses. Topics covered: logistics, freight, operations, procurement, regulation, technology, risk/resilience and more. When Uber Freight debuted in 2017, the platform was carrier focused as many digital freight platforms were in their early years. Subscribe to Supply Chain Dive to get the must-read news & insights in your inbox. They have created a plan to strengthen the supply chain that has continuously weakened throughout the pandemic. Uber Freight’s virtual Deliver reflects changing times and supply chain resilience. on The CEO explained the changes are meant to "ensure we have the right people in the right roles in the right locations, and that we’re always holding ourselves accountable to top performance. Company Information. Rather than shipping the freight itself, Uber sources a suitable supplier from the platform’s pool of carriers. "We believe this capital injection will continue to fuel Uber Freight’s market share growth and competitive pricing," Morgan Stanley analysts wrote in September. The timing of this launch is related to the unprecedented volatility the pandemic has wrought for supply chains, Ron said. Uber Freight Link is intended to extend the interface and capabilities shippers and carriers have within Uber Freight's platforms to loads not brokered by Uber Freight. Digital broker Convoy partners with BluJay, Blue Yonder and roughly 10 other software providers via API.Convoy also released a tool last year that allows shippers to manage existing carriers while accessing the broker's carrier pool. An Uber spokesperson confirmed to Supply Chain Dive that Uber Freight is not affected by the layoffs and those plans are still in place. Analysts described Uber Freight as a "significant freight/logistics platform" built over a short period of time. That is not necessarily always apparent through the API route because an API is sort of a thinner slice of the whole," he said of connecting Uber Freight's API to an existing TMS. The partnership will give out-of-work CDL holders access to a tractor-trailer, and Uber Rideshare drivers have an advantage. What led to a global imbalance of available shipping containers? But a focus on resiliency and capacity comes at a cost to shippers. Digital supply chain solutions from SAP and Uber Freight To take advantage of real-time load pricing and capacity from within the SAP Logistics Business Network, fill out this form to get in touch with an Uber Freight representative. To date, it has partnered with Oracle, MercuryGate, SAP, BluJay and Blue Yonder. In the face of global uncertainty, businesses need reliable data points to make smart, fast decisions about their supply chains; execute changes in real time; and operate outside the limits of traditional routing guides. Using AI and machine learning technology to analyze and forecast market data, the API will give shippers access to real-time quoting and booking up to two weeks before a load is scheduled to take … Uber Freight hosted its third-annual Deliver conference in early September, but this year’s event looked a little different. Recruiting the right people for your purchasing organization hinges on chemistry, reasonable job requirements and trusting your instincts. "Link can just offer them a much richer understanding of their carrier base. But by September, Morgan Stanley analysts were singing a different tune, crediting innovation, not aggressive pricing, for what the analysts described as a leader among digital freight entrants. Emma Cosgrove As the product matured, the company shifted attention toward shippers. And in order to offer load visibility beyond its platform's transactions, Uber Freight will also ask carriers to put their transaction data into the hands of what they may see as a competitor. Robinson, in 1999 to provide supply chain technology and consulting services to freight brokerage customers [12]. The rise of e-commerce has completely transformed the way consumers interact with brands. In August, it launched a desktop app, further inviting integration into larger shipper operations. September 17, 2020 / US. Uber Freight won't have access to specific pricing or lane rates when a shipper tenders a load using Link, an Uber Freight spokesperson said. "As a policy, we do not intend to use that for any competitive purposes. In financial reports, Uber puts Uber Freight into the category of "Other Bets" along with "mobility" initiatives, such as its dockless scooter business. Supply chain and logistics news Digital freight brokerage isn’t a winner-take-all game. Twitter. And other digital freight brokerages and digitally-inclined carriers have done the same. And other digital freight brokerages and digitally-inclined carriers have done the same. Uber Freight will continue to partner with TMSs through APIs, but some shippers may choose to convert or use Uber Freight Link in tandem with their existing tech stack, Ron said. There, the company pledged to onboard roughly 2,000 employees in 2020 for its new headquarters in Chicago. Uber Freight is essentially “Uber for trucking.”. At a macro level, tech firms develop supply chain software and logistics experts make technology, but few players combine those two sets of expertise, he said. Uber Freight has spent much of the last year partnering with TMS providers to make its service easier to integrate into supply chain managers' workflows. Subscribe to Supply Chain Dive: Topics covered: logistics, freight, operations, procurement, regulation, technology, risk/resilience and more. Digital transformation initiatives have accelerated over the last few months, as enterprises that ship goods embrace flexible operations to keep up with shifting demand. Blue Yonder and Uber Freight Partner to accelerate digital transformation in the supply chain Jul 13, 2020 Transport Management , Supply Chain , High Tech Ed Holden Comments (0) Blue Yonder and Uber Freight have announced a partnership designed to help businesses build efficient and transparent global supply chains at a crucial time. Uber Freight is improving the way businesses manage complex supply chains, facilities, and ever-changing market conditions. The tool, known as Lane Explorer, enhances visibility in freight booking, " setting a new standard for price transparency," Uber Freight said. Digital transformation initiatives have accelerated over the last few months, as enterprises that ship goods embrace flexible operations to keep up with shifting demand.