Uber’s path to profitability may not come from personal transportation at all. Instead, trucks might be the answer.
The trucking industry drew in revenues of $796 billion in 2018, with trucks moving 71% of the nation’s freight, according to the American Trucking Association, a trade group. Compare that to the global ride-hailing market, which according to Allied Market Research, was valued at just $36 billion in 2017.
Uber is now a player in this market with Uber Freight. Uber Freight launched in 2017, and the program has since expanded to 48 U.S. states, as well as the Netherlands and Germany. Uber says thousands of shippers and almost half a million truck drivers currently use the platform.