Who bought Transplace?
Uber Freight
This year's list recognized 56 of the largest private companies in North Texas based on 2018 total revenue. “We are thrilled that Transplace has been recognized as one of the top private companies in North Texas,” said Frank McGuigan, CEO, Transplace.05-Dec-2019
When was Transplace acquired?
2017
Transplace was founded in 2000 when six large truckload carriers combined their respective in-house logistics divisions. The founding carriers were: J.B. Hunt Transport Services, Werner Enterprises, U.S. Xpress Enterprises, the predecessor of Covenant Transportation Group, Swift Transportation Co.16-Aug-2017
Does Uber Freight own Transplace?
(NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight.15-Nov-2021
Frank McGuigan
How many people work at Transplace?
Company Growth (employees)
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. Uber Freight booked $301 million in revenue in the first quarter of this year, up 51% year over year.22-Jul-2021
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
Top 10 Uber Freight Alternatives and How To Compete With Them
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
Uber said it will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform, which helps truck drivers connect with shipping companies. Uber Freight launched in 2017.02-Oct-2020
What does transplace mean?
Definition of transplace 1 : to put in another place : transpose. 2 : to interchange the places of.
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.
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.
Uber Subsidiaries - 11 Companies Owned By Uber Technologies
How many carriers does Uber Freight have?
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
Lior Ron
What industry is transplace?
transportation and logistics networks
Dara Khosrowshahi is the CEO of Uber, where he manages the company's fast-growing business in 63 countries around the world and leads a global team of more than 22,000 employees. Dara was previously CEO of Expedia, which he grew into one of the world's largest online travel companies.
How does Uber trucking work?
Who bought Transplace?