Uber Freight Raises $500 Million From Logistics Specialist

Uber (NYSE: UBER) announced today that its freight platform has received a $500 million investment from an investor group led by Greenbriar Equity Group. The investment values Uber Freight at $3.3 billion. 

Uber will keep majority control of Uber Freight, and said in a statement that it plans to use the investment to continue to scale up the logistics platform and provide its shippers with "technology to power their supply chains." 

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Source Fool.com