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Uber Freight Rolls Out, Shifts Logistics Sector
The sharing economy is making its presence felt in the logistics industry. Uber Freight emerged from a soft launch in Texas, and is now expanding across the U.S.
The freight service allows goods to be transported using a platform similar to the popular ride-sharing service. Uber Freight is expected to generate efficiency gains in freight brokerage through better matching of drivers and routes. Truck drivers use an app to pick up freight, and that could result in full load return trips.
Dr. Walter Kemmsies, an economist and chief strategist for JLL’s U.S. Ports, Airports and Global Infrastructure Group says, “[Uber Freight’s] entry into the market is part of the e-commerce boom we are seeing in industrial real estate. But it may find, that unlike cars, truck freight movement is subject to very difficult regulations under the Federal Motor Carrier Safety Act, which limits hours of service.”
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