Stronger revenue at Uber Freight, but profits still elusive
Uber Freight CEO Rebecca Tinucci took to LinkedIn to tout the company’s third quarter financial performance, which still is a long way from operating profitability. As Tinucci said in her published remarks, “two things can be true at the same time.” Her comments highlighted gross bookings of $1.768 billion, which is a record for the […] The post Stronger revenue at Uber Freight, but profits still…
Uber Freight reported stronger revenue in Q3 2026, but profitability remains elusive, according to CEO Rebecca Tinucci. The company's gross bookings reached $1.768 billion, a 34% improvement from the same period last year, and a 11.6% increase compared to Q2. Despite the revenue growth, Uber Freight reported an operating loss of $33 million, a 18% improvement compared to the same quarter last year.
However, the figure worsened sequentially, widening from $24 million in Q2. The broader industry saw flat freight volumes, yet Uber Freight managed a 36% volume increase in its U.S. and Canada brokerage. Revenue per load rose by about 8% year-over-year, and the company's productivity in terms of loads per day per head improved by around 10%.
While Uber Freight has only reported positive income a few times in its history, Tinucci emphasized the company's steady progress toward profitability and its "vision for Transportation Orchestration."
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