Uber Enters Trailer Leasing Business

Uber Enters Trailer Leasing Business
The Uber application is seen on a mobile phone in London, Britain, on Sept. 14, 2018. Hannah McKay/Reuters
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Uber Technologies Inc said on Oct. 17, it is entering the trailer leasing business.

The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said.