Uber Freight Expands Procurement Platform With Spot Freight
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Uber Freight unveiled a spot freight fulfillment platform to expand beyond its flagship contract procurement tool launched last year, the company announced May 16.
Uber Freight Exchange: Spot is designed to provide carriers a single destination to book spot freight by aggregating load providers. It leverages proprietary algorithms to provide carriers with personalized search options, procurement tools, upfront load requirements, bidding, pricing and automated tendering for spot freight fulfillment.
“Building on two decades of experience operating spot auction platforms, we’re excited to expand our procurement technology to all shippers and carriers,” said Eric Berdinis, head of carrier product management at Uber Freight. “By integrating contract and spot market workflows, Uber Freight Exchange is a major pillar in our mission to revolutionize freight logistics.”
Stop chasing. Start winning.
Meet Uber Freight Exchange: Spot — the better way for #carriers to discover, win, and haul spot loads from the world’s leading shippers.
Learn more about how you can get started here: https://t.co/2X12spo9KJ pic.twitter.com/gMV3VFD3ej — Uber Freight (@UberFreight) May 16, 2024
Uber Freight Exchange was built to be the simplest and fastest procurement software solution for shippers and carriers. The contract side of the platform has grown to more than 900 carriers who have access to hundreds of millions of dollars of freight since launching last year.
“What the team built here is a great example of innovation with purpose,” said Raj Subbiah, head of product at Uber Freight. “Our carrier customers and shipper customers wanted us to make booking spot loads simpler and more efficient, and that’s exactly what Uber Freight Exchange: Spot does.”
Uber Freight ranks No. 13 on the Transport Topics Top 100 list of the largest logistics companies in North America.
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