How many customers does Transplace have?
Transplace powers one of the largest managed transportation and logistics networks in the world with ~$15 billion of Freight Under Management (FUM) and 62,000 unique users on our platform.
As the largest managed transportation service provider in North America, Transplace generates gross revenue of approximately $3.0 billion from more than 1,000 customers, and has seen significant growth in recent years.05-Dec-2019
What does Transplace do?
Transplace Holdings Inc. provides transportation management services. It offers logistics management services for the automotive, chemical, consumer packaged goods, electronics and technology, energy, manufacturing, oil and gas, and retail industries. The company is headquartered in Frisco, TX.
Uber Freight
Is transplace a 3PL?
Transplace is a non-asset, North American based third party logistics (3PL) provider offering manufacturers, retailers and consumer packaged goods companies the optimal blend of logistics technology and transportation management services.
Transplace is already serving customers in this space, including: SG Morris, Valmont Industries, Pretium Packaging, Petguard, Boboli, House of Cheatham, Ohio Blow Pipe and Adam's Manufacturing.
Does Uber own Transplace?
Uber Freight, based in San Francisco, acquired Dallas-based Transplace last July for $2.25 billion. The transaction created one of the industry's biggest logistics technology platforms with a sizable managed transportation and logistics network.15-Apr-2022
Company Growth (employees)
How much did uber buy Transplace for?
approximately $2.25 billion
about $2.25 billion
When did uber buy transplace?
2017
We provide a single, controlled customs brokerage solution backed by the unrivaled combination of innovative technology, a dedicated team of domain experts and access to all ports of entry in the United States, Canada and Mexico.
Who is the CEO of Transplace?
Frank McGuigan
Transplace. Transplace is a trucking logistics company. Uber acquired it in 2021 for about $2 billion. Uber, headquartered in San Francisco, placed Transplace underneath another Uber subsidiary called Freight.10-Jun-2022
Is Uber Freight part of Uber stock?
Uber Freight, a separate division of Uber, offers similar software tools to manage supply chains and shipping. Uber Freight says it has over 70,000 carriers on its network that can ship items for companies.22-Jul-2021
Online trucking broker Uber Freight will buy the Texas third party logistics provider (3PL) Transplace in a whopping, $2.25 billion deal that will create a “comprehensive end-to-end shipper-to-carrier solution” with new levels of efficiency and service, Uber Freight said today.22-Jul-2021
How old is uber freight?
Uber Freight, which launched in 2017, uses an app to connect shippers who need loads hauled with available truck drivers, operating as a middle man in a crucial part of the U.S. economy.14-Oct-2021
Thanks to the surge in operators, Uber now has more than 75,000 carriers on its platform, and 100,000 truckers have access to its loads in real time. Revenues climbed 27% year on year in Q4 to $396m, not counting Transplace turnover.24-Feb-2022
Who bought logistics?
Maersk Buys Asian Warehouse Giant LF Logistics for $3.6 Billion - WSJ. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.22-Dec-2021
Lior Ron
Is Uber Freight profitable?
Uber Freight, which acts as a middle man connecting truckers with shippers, last year bought logistics company Transplace for $2.25 billion. That acquisition boosted Uber Freight's revenue in the first quarter to around $1.8 billion, and reached profitability on an adjusted EBITDA basis for the first time.09-May-2022
How many customers does Transplace have?