Transport Topics (July 23, 2021)

Uber Freight announced it will acquire managed transportation provider Transplace from TPG Capital for $2.25 billion. The deal consists of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies Inc., and the rest in cash. Once the deal is finalized, Uber Freight’s brokerage will continue to operate independently from Frisco, Texas-based Transplace’s managed transportation services, according to the San Francisco-based digital freight broker. The transaction is expected to close later this year or in the first half of 2022.

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