On Thursday, Uber Freight announced it was releasing its next generation of products combining Uber’s advanced technology development capabilities, including AI-powered software.
The expansion of Uber Freight business is designed to be the most comprehensive evolution of its logistics technologies to power the supply chain, officials said.
Since acquiring Transplace two years ago for $2.25 billion, the company said it has built a new kind of logistics company that offers comprehensive, end-to-end enterprise applications and services for the freight industry.
“The past couple of years have been transformative for our business, driving significant amounts of resources into delivering the next generation of technologies designed to power the global movement of goods,” Lior Ron, founder and CEO of Uber Freight, said. “The focus on developing new enterprise solutions underpins our commitment to our strategic customer base and the industry at large as we drive to be the most comprehensive partner to advance logistics networks.”
The company said it has invested $120 million in technology since acquiring Transplace and is focused on scaling enterprise applications that span logistics software solutions, generative AI and data-enabled insight tools. Additionally, the company said it would be rolling out a comprehensive update to Uber Freight TMS, that will be an all-in-one solution for planning, executing and monitoring complex logistics operations across modes and regions. Initial upgrades will focus on standards of visibility, foresight and control, including “Uberizing” modules to promote ease of use and actionable data, while expanding global, end-to-end shipment visibility across modes including rail, ocean, and air.
“When you have a supply chain that’s expansive and complex as ours, cutting-edge technology isn’t a nice-to-have—it’s essential,” Randy Cooper, Director of Transportation at Del Monte Foods, said. “Our partnership with Uber Freight’s managed transportation and innovative technology has become our secret sauce as we serve our customers.”