10 Best Uber Freight Alternatives & Competitors in 2024 (2024)

FAQs

Who are Uber Freight's competitors? ›

The best overall Uber Freight alternative is Truckstop Load Board. Other similar apps like Uber Freight are Descartes MacroPoint, Descartes Aljex, DAT Load Board, and GoComet.

Uber Freight envisions a future of optimized clean transportation. That's why we announced our commitment to shift 80% of our global brokerage shipments to clean transportation by 2040.

Even worse, revenue at Uber Freight fell slightly on a sequential basis and remains stuck near where it came in for the final three quarters of last year, well below the numbers first reported starting in 2022 after Uber Freight closed on its acquisition of Transplace in the fourth quarter of 2021.

Only Uber Freight offers the industry-leading combination of technology, capacity, and partnership. Our proprietary AI-Optimized Network surfaces deep insights to supercharge and streamline operations.

Uber's alternatives and competitors. See how Uber compares to similar products. Uber's top competitors include Cabify, Gett, and Bolt. Cabify offers ride-hailing services to improve urban living by reducing congestion.

(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.

The 2024 rate environment will be defined by flat to slow demand growth and continued capacity exits, and industry experts are forecasting a fairly broad range of rate outcomes. Transportation Insights and several others project upwards of 30%-40% growth, whereas ACT Research expects around 20% and FTR just over 10%.

Refrigerated Trucking

With consumers increasingly seeking fresh produce and perishable goods, the demand for temperature-controlled transportation continues to soar, especially in industries such as food and pharmaceuticals.

Today, with more than 50,000 carriers and hundreds of thousands of drivers, Uber Freight boasts the largest digitally activated carrier network. And that's just the beginning. This network of owner-operators and small fleets gives shippers the capacity and the confidence needed to keep their businesses in high gear.

Uber Technologies Inc. is reportedly considering spinning off its Uber Freight business in a sale or as a publicly traded firm. Bloomberg, referencing people familiar with the matter today, said the spin-off is being considered as Uber is looking to streamline its focus on ride-hailing and food delivery.

Is Uber Freight doing well? ›

Even with the integration of Transplace complete by the end of 2021, Uber Freight slipped into negative earnings before interest, taxes, depreciation and amortization in 2022's fourth quarter after being barely EBITDA positive in the third quarter ($1 million) after a $5 million positive EBITDA in the second quarter.

Carriers require information beyond the location and the characteristics of the vehicle. For example, Uber Freight does not account the hours of service of the driver nor the compulsory breaks. Consequently, causing the system to lack transparency in the delivery time frame estimates.

Prices are generated by Uber Freight's proprietary algorithm. This algorithm is based on real time market data which sets the most competitive prices at the time. Sometimes, Uber Freight is willing to accept bids either manually or through the app and web portal.

Uber Freight has expanded support across the North American cross-border supply chain. To meet a 20% increase in production from across the customer base, the company now has six cross-border locations between US and Mexico and over 1,000 team members throughout the region to support this tailwind.

The majority of Uber Freight's customers for the fleet-management-and-logistics category fall in the company size of 10,000+ employees (18 companies), 100 - 249 employees (15 companies), 20 - 49 employees (12 companies).

Uber Freight, launched in 2016, continues on a mission to disrupt the trucking industry. The $2.25B acquisition of Transplace in 2021 accelerated Uber Freights growth but the company continues to be impacted by changes in the economy that have driven freight volumes higher and then lower.

Uber for logistics is an app based platform for freight businesses that helps manage all the processes online.

Lyft is Uber's primary competitor in the United States, offering a similar range of ride-hailing services that cater to the same customer base. Founded in 2012 by Logan Green and John Zimmer, Lyft quickly established itself as a significant player in the North American market.

What is Uber Freight market share in the fleet-management-and-logistics? Uber Freight has market share of 0.19% in fleet-management-and-logistics market. Uber Freight competes with 245 competitor tools in fleet-management-and-logistics category.