Uber Technologies Inc. (UBER) to acquire logistics service provider Transplace
Uber Technologies Inc. (NYSE: UBER) recently announced the acquisition of logistics service provider Transplace. Diversifying into a new market is a great way to gain new customers. Uber Technologies will acquire logistics provider Transplace for $2.25 billion. With the acquisition, the company will be able to expand its presence in the freight market. So far, […]
Are We Nearing A Turn In The Industry? – Uber (UBER)
After announcing its first-quarter financials, Uber’s (UBER) share price fell 4.75% on Wednesday afternoon. Even as the macro environment for transportation services, including Uber and other taxi and delivery companies, is improving amid massive COVID-19 vaccinations, and economies and tourism, particularly, are recovering, several challenges threaten their profits. This quarter Uber posted its record low […]
