Uber Freight launches in Germany, taking on local competition
US ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s US$500bil (RM2 trillion) trucking market.
Germany will be Uber Freight’s second market to go live on the continent after the Netherlands, an executive told Reuters, with further expansion in prospect once operations are running smoothly in Europe’s largest economy.
In the US, Uber Freight already connects 48 states and generates more than US$125mil in quarterly revenues.
Under maverick founder Travis Kalanick, Uber’s earlier bid to establish its ride-hailing services in Germany met intractable opposition from taxi companies, politicians and the courts.
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