Uber

Uber Technologies, Inc. (NYSE: UBER) reported a net adjusted loss of 64 cents per share, 4 cents better than the consensus estimate. Consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of $615 million, a more than $200 million improvement year-...

Earnings season continues, and some more nascent companies are beginning to report: Peloton Interactive Inc. (NASDAQ: PTON) after the bell yesterday, Uber Technologies Inc (NYSE: UBER) and Pinterest Inc (NYSE: PINS) after the close today. 2019 was a lesson in disappointment for many...

The new competitive landscape of U.S. freight brokerage has been years in the making, but now it's one of Wall Street's favorite themes. Bank of America Merrill Lynch transportation analyst Ken Hoexter published a client note on Tuesday titled "Primer: Broker Wars, Part I: Tech disruption &...

Uber Eats is no longer an exclusive partner of McDonald's Corporation (NYSE: MCD), as the latter has signed Just Eat PLC (OTC: JSTLF) as its second exclusive food delivery partner in the United Kingdom and Ireland on Tuesday. What Happened "We are delighted to announce that we have...

Ridesharing company Uber Technologies Inc (NYSE: UBER) blamed “system or human error” for its failure to meet London regulatory demands in November 2019, according to a new document released this week. What Happened Transport for London (TfL), the transportation regulator that...

In his first 24 hours on the job, the new head of Uber Freight Europe spoke about his responsibility to prioritize the digital brokerage's investments and achieve a balance between revenue growth and profitability. This morning, Wednesday, January 22, Uber Technologies Inc (NYSE: UBER) announced...

Santa Cruz-based startup Joby Aviation has raised $590 million in a Series C funding round, the company announced Wednesday. What Happened Japanese automaker Toyota Motor Corporation (NYSE: TM) led the funding round with $394 million investments in the secretive startup that wants to make air...

In recent times, trucking ecosystems across emerging economies are mirroring the trends that have taken shape in the West, thanks to the democratization of technology accessibility and mobilization of venture capital.  But the issues tackled in trucking markets within Africa and Asia are complex....

As California's new labor law threatens the "gig economy" model, Uber Technologies Inc. (NYSE: UBER) is out to prove that it's just a "technology platform." What Happened The San Fransisco-based ridesharing company is bringing changes to the fare structure on its...

South Korean automaker Hyundai unveiled its concept flying car, a full-scale prototype that is set to be mass-produced under a partnership it has struck with Uber Technologies Inc. (NYSE: UBER)  for the latter's air taxi network, at CES 2020 in Las Vegas this week.  Envisioned as an electric...

The Egyptian authorities have approved the San Fransisco-based ride-sharing company Uber Technologies Inc.'s (NYSE: UBER) bid to acquire middle-east rival Careem Inc. What Happened In a statement on Sunday, the Egyptian Competition Authority said that the authorities had approved the...

How the Uberization of freight is transforming logistics. From FreightWaves LIVE: Chicago Day 1 Bill Driegert, Senior Director Uber (NYSE: UBER) Freight. Apple Podcasts Spotify Rewatch the LIVE streams on YouTube More FreightWaves Podcasts Image by Free-Photos from Pixabay

Ride-sharing company Uber Technologies Inc. (NYSE: UBER) co-founder Travis Kalanick sold about 12.7 million shares he owned in the company last week, according to a public filing with the Securities and Exchange Commission. What Happened The shares worth around $383 million were sold in...

Ridesharing company Uber Technologies Inc’s (NYSE: UBER) shares were down in after-hours trading on Thursday as the company released its first-ever safety report. What Happened Uber said that about 3,045 incidents of sexual assaults were reported on the 1.3 billion rides taken...

In just two years, Uber Technologies Inc (NYSE: UBER) lost its license to operate in London due to a pattern of failures in both safety and security. London is one of Uber's most vital markets, sadly for its black cab drivers who even blocked streets as part of their protest, arguing their...