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DB Schenker buys $33m stake in freight-matching company uShip

Global logistics company DB Schenker has taken a US$25 million ($33 million) stake in US-based uShip, which uses online technology to match freight shippers and carriers, according to the Wall Street Journal.
Schenker is reportedly pressing a “digital transformation of its business model,” and has taken a seat on uShip’s board.
Schenker previously signed a five-year agreement for collaboration in Europe in mid-2016.
Although easily compared to Uber’s supply-demand arrangement, uShip’s freight-matching platform has been around for 14 years and is currently in operation in at least 19 countries. uShip claims that its shipping marketplace has handled more than one million shipments.
Uber-style freight-matching apps have been en vogue of late, including an as-yet-unnamed Chinese app currently undergoing testing, the partly launched Uber Freight and a contender Amazon is reportedly developing.

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