Uber’s trucking division announced on Thursday that it’s buying a key tech competitor in the logistics field.
July 22 (UPI) — Uber ‘s trucking division announced on Thursday that it’s buying a key tech competitor in the logistics field. Uber Freight will acquire Transplace from TPG Capital for $2.25 billion, $750 million of which is in stock. The purchase is expected to make Uber Freight a profitable venture that could break even by next year.
