Tuesday, October 26, 2021

The head of Uber Freight said the U.S. was sent to Armageddon and there was no solution

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The head of Uber Technologies ’logistics department told Jim Kramer on Thursday that there is no single way to resolve the country’s shipping crisis.

“It really takes the whole industry because we’re going through an unprecedented time. We’re literally living in Armageddon,” Uber Freight CEO Lior Ron told Mad Money.

Launched in 2017, Uber Freight uses the app to connect loaders in need of transportation with truck drivers who work as middlemen in a crucial part of the U.S. economy. There are now more than 1 million drivers on the Uber Freight network, Ron said.

Ron noted that Uber Freight could make long-distance freight issues more efficient, but he warned that it would not alleviate problems in this area alone, such as the growing shortage of drivers due to the Covid crisis.

“We can definitely make a breakthrough with technology – and we can – but it takes more,” Ron said. “Some of this is also about wages,” he added, adding that work can be difficult and some people want to prioritize being close to family.

Ron’s comments come Thursday, a day after the White House implemented a plan to alleviate congestion in the main ports of the West Bank by expanding operations there 24/7. Once the goods are unloaded from the ships, truck drivers play a crucial role in getting them to where they are needed, so it is important to solve the problems in the logistics puzzle.

A senior Biden administration official said he was working with states to speed up the process of issuing commercial driving licenses to journalists. The official added that the federal government was “genuinely willing” to help prepare for the case, but acknowledged that “there is no cure.”

Trying to understand how the supply chain was messed up, Ron told Cramer to remember what role consumer behavior played.

“We’re ordering more and more of our favorite packages to consumers, but the supply chain is completely disproportionate. We’ve seen that on boats, it’s the same with trucks. The whole network is different,” Ron said.

“If you think about truck drivers, at the end of the day … it gets harder for them to be on the road. There’s the best alternative to driving closer to home, and it’s probably the last mile,” Ron said. “We’re asking them to work harder and harder, but they don’t even want to go on the road because they have to stay in institutions or take care of their health. That’s all we need. We.”

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