However, the company’s strong financial showing garnered surprisingly little attention during its earnings call. The only mention was its role as a customer of the recent autonomous trucking initiative in Texas, with no further commentary or updates. This silence starkly contrasts with the lively recent customer meeting in Atlanta, where CEO Lior Ron outlined ambitious growth plans, indicating that Uber Freight continues to focus on expansion and innovation despite ongoing industry headwinds.

Revenue growth was modest, with the first quarter’s revenue of $1.26 billion almost unchanged from the previous quarter’s $1.275 billion—up just 1%. The segment’s gross margin stood at approximately 13.3%, and the company achieved over $2 billion in free cash flow for the quarter, underscoring its improving financial health. The segment’s gross bookings reached $42.8 billion, with a notable EBITDA margin of 4.4%.

Industry-wide, global trade tensions, especially the U.S.-China trade war, continue to impact the logistics landscape. Major carriers have canceled up to 30% of China-to-U.S. freight, and many routes have ceased operation, creating capacity shortages and market uncertainty. Despite these headwinds, Uber Freight’s recent performance indicates a leaner, more efficient operation that is beginning to demonstrate profitability and operational stability.

CEO Dara Khosrowshahi emphasized that autonomous vehicle technology remains “the single greatest opportunity ahead for Uber,” signaling ongoing investment in innovation. Industry analysts and stakeholders are closely watching Uber Freight’s strategic moves, including its focus on digital efficiency, cost control, and growth prospects as global trade dynamics evolve.