The news
Uber Freight’s gross bookings rose 35% to $1.77 billion in the third quarter, marking its third straight quarter of faster growth. Revenue rose 34% to $1.76 billion.
The freight unit posted a $33 million loss, down from a $40 million loss a year earlier.
CEO Dara Khosrowshahi said the growth was “supported by stronger execution and sustained enterprise demand.”
The details
Uber Freight’s bookings have picked up this year after remaining largely flat through 2025. Third-quarter bookings in 2025 were $1.31 billion, unchanged from the same period in 2024.
In the second quarter, Uber said freight volumes grew at their fastest pace since its acquisition of Transplace.
This quarter, customers expanded their business with Uber Freight across its Managed Transportation and Capacity Solutions offerings, it said.
The growth came as truckload rates climbed across the market. Dry van contract rates reached $2.39 per mile in July, up 18% from a year earlier, according to Uber Freight’s own market report. Spot rates were up 47%.
Primary tender acceptance was 78% in August, well below the 90% to 94% of the previous three years.
Carriers are seeking double-digit contract rate increases this year and next, the report said.
Uber expects Freight bookings growth to remain at roughly the same pace in Q4. Khosrowshahi said growth would “remain broadly consistent with Q3.”
Uber is expanding Freight in Europe to serve multinational customers.
It is also investing in AI tools it says will improve productivity and cut costs.
What peers are doing
Other big brokers are charging much more per load too. Landstar’s truck revenue per load rose 25% in the third quarter on 3% more loads. CH Robinson charged customers 31.5% more per mile, excluding fuel.
What’s next
Uber expects Freight bookings growth to remain broadly consistent in the fourth quarter. The company reports its next results early next year.
(Photo: Bhargav Panchal / Unsplash)
