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    Logistics Manager Magazine September 2023

    4th September 2023By Michelle Mooney
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3rd Party Logistics

Uber Freight set to buy Transplace for $2.25bn

Michelle MooneyBy Michelle Mooney26th July 20212 Mins Read
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Uber Freight is set to acquire logistics technology provider Transplace for $2.25bn to support a combined freight technology operating system. 

Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG.

In the midst of global capacity constraints and increasing transport costs, shippers are adapting their operations more quickly and are looking for technology, support, and solutions that can modernise their supply chain and keep critical goods moving.

Lior Ron, Head of Uber Freight said: “This is an opportunity to bring together complementary best-in-class technology solutions and operational excellence from two premier companies to create an industry-first shipper-to-carrier platform that will transform shippers’ entire supply chains, delivering operational resilience and reducing costs at a time when it matters most.”

Frank McGuigan, CEO of Transplace added: “Our expectation is that shippers will see greater efficiency and transparency and carriers will benefit from the scale to drive improved operating ratios. All in all, we expect to significantly reduce shipper and carrier empty miles to the benefit of highway and road infrastructures and the environment. Finally, we want to thank TPG for their partnership as we have worked together to position Transplace as a leader in supply chain innovation.”

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Michelle Mooney
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Michelle Mooney is a Philosophy graduate from Birkbeck University of London and Editor of Logistics Manager. Michelle has a particular interest in sustainability and ethics in the supply chain, and also enjoys writing about International logistics and air cargo. A keen animal rights activist and vegan, when Michelle isn’t writing about the supply chain, she’s busy lifting weights at her second home, (the gym).

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