Loading organizations...
§ Private Profile · 433 W Van Buren St, Suite 900, Chicago, IL 60607, USA
Uber Freight is a company.
Uber Freight has raised $500.0M across 1 funding round.
Key people at Uber Freight.
Uber Freight has raised $500.0M in total across 1 funding round.
Uber Freight is a logistics platform connecting shippers with carriers, optimizing freight movement via technology. It offers managed transportation, multi-modal solutions, and an intelligent Transport Management System (TMS). The platform integrates procurement, execution, and settlement, enhancing efficiency and providing real-time visibility.
Founded in 2017 by leaders like Bill Driegert and Lior Ron, Uber Freight applied Uber’s on-demand matching model to the fragmented trucking industry. This tackled inefficiencies including underutilized capacity and manual brokerage, introducing automation and transparency to streamline logistics. The insight sought to transform a complex and often opaque sector.
The platform serves diverse shippers, from small businesses to large corporations in automotive and consumer packaged goods. Uber Freight’s mission is to simplify goods movement, fostering efficient supply chains and empowering communities via intelligent logistics. It envisions transforming freight with a unified operating model for smarter planning and market resilience.
Uber Freight has raised $500.0M across 1 funding round. Most recently, it raised $500.0M Series A in October 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 2, 2020 | $500M Series A | Michael Weiss | — | Announced |
Uber Freight has raised $500.0M in total across 1 funding round.
Uber Freight's investors include Michael Weiss.
Key people at Uber Freight.
Uber Freight is a market-leading enterprise technology company that powers intelligent logistics through a suite of end-to-end applications, managed services, and a vast carrier network, managing over 18 million shipments annually for 1 in 3 Fortune 500 companies like Colgate-Palmolive, Nestle, and Anheuser-Busch InBev.[1] It serves shippers and carriers in the freight industry by solving inefficiencies in transportation through instant matching, AI-driven transparent pricing, real-time visibility, and fast payments, turning logistics uncertainty into predictable operations via a hybrid model blending marketplace dynamics, SaaS tools, data intelligence, and enterprise services.[2]
The company drives growth momentum through multi-year contracts, client expansions, managed transportation outsourcing, and product innovations like predictive pricing, sustainability analytics, automated routing, and compliance dashboards, commanding a significant share of the U.S. digital freight brokerage market with high-revenue, low-churn scaling.[2]
Uber Freight emerged as a spin-off from Uber Technologies, leveraging the parent company's ride-sharing platform expertise to disrupt the $800 billion U.S. trucking industry with digital freight brokerage starting around 2017.[2] Its early traction came from pioneering algorithmic pricing over traditional broker intuition, real-time visibility instead of delayed reports, and scalable platforms replacing manual coordination, quickly building one of the largest carrier networks.[1][2]
Pivotal moments include expanding from spot-market matching to enterprise-grade managed services and TMS (Transportation Management System), securing backing from top investors, and achieving national scale through repeatable playbooks that fueled adoption by major shippers.[1][2]
Uber Freight stands out in freight logistics through technology-led advantages:
These enable faster payments, reduced downtime, and proactive decisions, differentiating from legacy human-heavy brokers.[2][5]
Uber Freight rides the digital transformation of logistics, fueled by AI, automation, and sustainability amid supply chain disruptions, nearshoring, and tariffs, with market forces like rising e-commerce, manufacturing reshoring, and decarbonization working in its favor.[3][4][7] Its timing aligns with 2025 trends: autonomous trucking milestones (secured AV capacity with seamless integration), EV/hydrogen adoption via book-and-claim frameworks, and AI for dynamic optimization, positioning it as a mission-critical operating layer.[2][4]
It influences the ecosystem by enabling greener logistics (Emissions Dashboard), cross-border efficiency, and carrier empowerment, while providing market intelligence through quarterly updates on truckload, LTL, intermodal, and economic indices, helping shippers navigate uncertainty.[4][5][7]
In 2025, Uber Freight will expand carrier tools like spot bidding enhancements, Powerloop tours in key regions, API toolkits, and AV integrations for driverless freeway runs, alongside deeper automotive investments in optimization algorithms, real-time insights, and cross-border capabilities.[3][4][5] Trends like autonomous vehicles, AI decarbonization, and nearshoring will shape its path, potentially evolving its influence from digital broker to full-stack logistics platform with bundled sustainable capacity.[2][4]
This builds on its engineered growth, solidifying Uber Freight as the intelligent backbone for enterprise supply chains in a tech-driven freight evolution.[1][2]