Uber Plans to Expand Its Trucking Business to Europe Next Month
- Uber Freight to launch in the Netherlands, company says
- Trucking growth likely to be key selling point in Uber IPO
Source: Uber
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Uber Technologies Inc. is expanding its business helping independent trucking companies with logistics. Next month, Uber Freight will start operations in the Netherlands, marking the unit’s first international expansion, the company said.
Uber is expected to publicly file for an initial public offering next month -- releasing its detailed financials as it moves closer to a public listing. Uber Freight, which connects truck drivers with freight deliveries, will likely be positioned as a key growth opportunity, alongside food delivery, electric bikes and autonomous cars. The business has already grown across the U.S., Uber said, though the company declined to provide exact figures.