Investors load $500 mn into Uber's trucking business

San Francisco (AFP) Oct 2, 2020

Uber on Friday said an investment group led by Greenbriar Equity is pumping $500 million into its trucking unit. The preferred stock financing values Uber Freight at $3.3 billion, and comes as the San Francisco-based company's core ride-sharing service is stalled due to the pandemic. Uber Freight matches truckers to shippers in much the way the ride service connects passengers with drive