Uber announces $2bn expansion of Freight unit in Chicago

  •  #Uber expands diversification into $700bn US road freight industry, away from core ride hailing

  • Such Enterprise orientated offerings (like Uber Freight and Corporate ride sharing) are probably Uber’s best route towards #profitability

  • But note of caution, #Amazon launched its own trucking brokerage this year....

    Uber Freight launched in 2017 and covers 48 US states, (instead of the current 5 for Amazon) and has a network of ~400k drivers

    Uber hopes its algorithms (which suggest time & energy efficient routes to delivery companies) can help Uber predict prices in advance and grow market share 

    Amazon though might have other ideas !

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