Not in our eyes: Commentary- Uber getting out of “Freight” would be bad for freight

Is Uber Freight Dying?

Article below states uber freight is looking to get $500 million in funding but why? Insiders believe uber freight is floundering and truckers are not happy with the rates. Hopefully this will pass and be another failed project from uber.

Uber Technologies (NYSE: UBER) is reported to be in talks to take on additional investors in its digital brokerage unit, Uber Freight. Bloomberg published an article attributed to “people with knowledge of the matter” who said the San Francisco-based company is seeking to raise $500 million in incremental funding.

The report said this would place the unit’s valuation around $4 billion

Continue to article https://www.freightwaves.com/news/uber-freight-seeking-investors