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Benzinga
Benzinga
Technology
Anusuya Lahiri

Alphabet Owned Waymo Collaborates With Uber Freight - Read Why

Uber Waymo Uber Freight Nasdaq Company Alphabet Inc Lyft NYSE Dallas Houston
  • Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) self-driving trucking unit Waymo Via, and Uber Technologies, Inc's (NYSE:UBER) Freight business collaborated for the efficient deployment of autonomous trucks.
  • The financial terms of the transaction remain undisclosed.
  • Now Waymo customers can use Uber Freight to plan their automated and human-driven trucking fleets more efficiently.
  • Also Read: Lyft Pauses Hiring, Budgets To Beat Slowdown Following Uber's Footsteps
  • Uber Freight's software connected truckers with shippers to reduce shipping costs and expensive empty cargo miles, Reuters reports.
  • In 2021, Uber had acquired logistics company Transplace for $2.25 billion.
  • Waymo aimed to launch its first fully driverless trucks beginning on the Texas I-45 between Dallas and Houston.
  • Price Action: UBER shares traded higher by 1.35% at $25.07 on the last check Tuesday.
  • Photo via Company
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