Uber Plans to Expand Freight Services into Canada
Uber Technologies Inc. is expanding its freight division into Canada to snag a piece of the country’s US$74-billion trucking market.
The San Francisco-based company has been gradually expanding its services beyond ride hailing in recent years with ventures including food delivery, e-bikes and e-scooters. Uber announced last month that it would invest US$200-million into its freight division.
Similar to the ride-hailing app, it connects firms that need to ship goods with truck drivers to bridge supply and demand in long-haul delivery. Trucking companies with fleets of any size can use the dedicated freight app and website to find goods to pick up when they need to, reducing the need to travel with empty trucks.
The launch in Canada will include both domestic and crossborder shipping to and from the United States, the company said.
Read more here: https://www.theglobeandmail.com/business/article-uber-expanding-freight-services-into-canadian-trucking-market/