Uber plans to invest US$ 200 million for expansion of Uber Freight in Chicago
Business

Uber plans to invest US$ 200 million for expansion of Uber Freight in Chicago

Uber is an US-based transportation network company. The company offers services that include peer-to-peer ridesharing, food delivery, a bicycle-sharing system, and others. Uber Freight is an app for delivery trucks. This app connects drivers and shippers. Uber Freight for shippers is designed in order to automate the manual processes as well as increase its market visibility. Uber Freight headquarters is located at Chicago. The company plans to invest over US$ 200 million annually as well as hiring 2,000 new employee’s workers in the region in the upcoming three years for Uber Freight.

Uber Freight app helps truck drivers to connect with shipping companies and become an essential part of business strategy. This helps to generate revenue in the overall forms of transportation which include logistics for packages. Since the launch of Uber Freight app in May 2017. Uber Freight has witnessed growth at a much higher pace in Texas as well as another continental in the US and Europe. In August 2018, Uber company made Uber Freight as a separate business unit. Since then, the company focus on redesigning of the app, adding new features of navigation, updating of map view, and a search bar.

Uber Freight has more than 400,000 registered drivers in its carrier network. And over 1,000 shippers as customers. This includes Niagara Bottling, LLC, Anheuser-Busch InBev SA/NV, Land O’Lakes, Inc., and others. According to the latest data released by the company, it has more than 50,000 carriers on the platform. As part of the new investment plan, The Uber company is collaborating with the Chicago Cook Workforce Partnership (CCWP). Which is an organization operating the public workforce system in the City of Chicago and Cook County. Uber will start onboarding new employees in 2020. This will continually work with CCWP in order to develop a process for identifying potential candidates via its system.