UBER - Uber Freight Targets European Market For 10X Expansion Push By 2028 | Benzinga
Uber Freight is aggressively pursuing growth in Europe’s diverse logistics sector, targeting a tenfold increase in its freight management to 2 billion euros by 2028 through a comprehensive digital platform that oversees companies’ entire supply chains.
Despite being a smaller segment of Uber Technologies Inc (NYSE:UBER), contributing 14% of its total revenue in 2023, Uber Freight’s revenue dipped nearly 25% from the previous year, primarily due to declining trucking rates.
However, the situation shows improvement as supply chain issues are resolved, and excess inventories normalize, Bloomberg reports.