Uber Plans to Expand Its Trucking Business to Europe Next Month

Uber Plans to Expand Its Trucking Business to Europe Next Month

Uber is expanding its business helping independent trucking companies with logistics, according to Bloomberg. Next month, Uber Freight will start operations in the Netherlands, marking the unit’s first international expansion, the company said.

The company is expected to publicly file for an initial public offering next month releasing its detailed financials as it moves closer to a public listing. Uber Freight, which connects truck drivers with freight deliveries, will likely be positioned as a key growth opportunity, alongside food delivery, electric bikes and autonomous cars. The business has already grown across the U.S., the company said, though it declined to provide exact figures.

While Uber’s international trucking business will be based in the Netherlands, the company will be able to facilitate deliveries in and out of the country. That means the business will be directing trucks across Europe. Uber eventually plans to expand its operations outside of the Netherlands.

Following the same roll-out strategy it used in the U.S., Uber Freight will initially work directly with carriers, dispatchers and drivers to coordinate shipments. Then, once the company establishes a network and a system, it will make the service more widely available using an app.