Uber Freight is Expanding its Services
Uber Freight is expanding its services while Uber’s core ride-hailing business stagnates.
Uber-owned digital freight platform Uber Freight made two announcements that will expand the utility of its service. Additional features and tools will help the platform stand out in the highly competitive digital freight space. Here’s how Uber Freight is expanding its offerings for fleet operators and individual drivers:
- Powerloop, Uber Freight’s affiliated preloaded trailer company, has expanded to a massive new market. Powerloop’s service was previously only available in Texas, but now will be extended to California, the world’s fifth-largest economy and home to the US’ two largest ports. Powerloop’s pool of preloaded trailers enables shippers to pick up and drop off full trailers instead of waiting for their own trailer to be loaded and unloaded. The tool aims to reduce dwell times, which is the time spent by a truck at a facility and not on the road. The US Department of Transportation (DOT) estimates that dwell times reduce US truck companies’ annual earnings by up to $1.3 billion.
Moreover, long dwell times can have a domino effect on a company’s supply chain and cause delays in production or late shipments to customers.