What is transplace in Rogers?
Transplace is the leading provider of transportation management services and logistics technology, helping manufacturers, retailers and distributors optimize supply chain operations and increase financial performance.27-Mar-2019
Transplace is already serving customers in this space, including: SG Morris, Valmont Industries, Pretium Packaging, Petguard, Boboli, House of Cheatham, Ohio Blow Pipe and Adam's Manufacturing. To learn more about Transplace, please visit www.transplace.com.
What does transplace company do?
Transplace, an Uber Freight company, powers the largest managed transportation and logistics network in the world. Our tech-enabled services and solutions platform are backed by the unrivaled combination of innovative technology and a dedicated team of domain experts, engineers and data scientists.
Transplace is a non-asset, North American based third party logistics (3PL) provider offering manufacturers, retailers and consumer packaged goods companies the optimal blend of logistics technology and transportation management services.
Is transplace owned by Uber?
(NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight.15-Nov-2021
Transplace was founded in 2000 when six large truckload carriers combined their respective in-house logistics divisions. The founding carriers were: J.B. Hunt Transport Services, Werner Enterprises, U.S. Xpress Enterprises, the predecessor of Covenant Transportation Group, Swift Transportation Co.16-Aug-2017
When did uber buy transplace?
2017
to put in another place
How many people work at transplace?
Company Growth (employees)
It currently has $10 billion in freight under management in its network. McGuigan said 30% of Transplace revenue is generated from intermodal and truck capacity (brokerage) business, and 10% comes from its customs brokerage. The company is now a top 10 brokerage in North America.13-Nov-2019
What industry is transplace?
transportation and logistics networks
Functional Area Management
Is Uber freight a 3PL?
Online trucking broker Uber Freight will buy the Texas third party logistics provider (3PL) Transplace in a whopping, $2.25 billion deal that will create a “comprehensive end-to-end shipper-to-carrier solution” with new levels of efficiency and service, Uber Freight said today.22-Jul-2021
Uber Freight, which launched in 2017, uses an app to connect shippers who need loads hauled with available truck drivers, operating as a middle man in a crucial part of the U.S. economy.14-Oct-2021
Who is the CEO of Transplace?
Frank McGuigan
Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital, according to regulatory filings. The deal annou22-Jul-2021
Is Uber Freight still in business?
Uber said it will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform, which helps truck drivers connect with shipping companies. Uber Freight launched in 2017.02-Oct-2020
Uber Freight, which acts as a middle man connecting truckers with shippers, last year bought logistics company Transplace for $2.25 billion. That acquisition boosted Uber Freight's revenue in the first quarter to around $1.8 billion, and reached profitability on an adjusted EBITDA basis for the first time.09-May-2022
How many carriers does Uber Freight have?
That's why from its first mile Uber Freight has allocated so much time, personnel, and resources to building its network of trusted carriers. Today, with more than 50,000 carriers and hundreds of thousands of drivers, Uber Freight boasts the largest digitally activated carrier network. And that's just the beginning.18-Dec-2019
Carriers will have the ability to collaborate directly with shippers within a seamless marketplace as well as access high quality freight across multiple expanded service lines, including intermodal, cross border and Less-Than-Truckload.22-Jul-2021
Is Transplace a private company?
This year's list recognized 56 of the largest private companies in North Texas based on 2018 total revenue. “We are thrilled that Transplace has been recognized as one of the top private companies in North Texas,” said Frank McGuigan, CEO, Transplace.05-Dec-2019
What is transplace in Rogers?