Uship Net Worth is$200 Million
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uShip Net Worth: uShip is an American shipping and freight company that has a net worth of $200 million. uShip is based in Austin Texas and was founded by Matthew Chasen. Chasen conceived of the idea for uShip after being frustrated by the experience of moving from Seattle to Texas. Chasen was frustrated that there weren't smaller trucks available to ship his belongings, only large 20 foot vehicles that would remain practically empty. uShip created an online marketplace that matches shippers with people looking for transportation. The company has since become a very big success and is prominently featured on the A&E reality series "Shipping Wars".
uShip, Inc. is an Austin, Texas based Internet company that operates uShip.com, a global online marketplace for shipping services. Individuals and businesses post items they need shipped in a variety of categories, including auto transport, boat shipping, home and office moving (removal) services, and the transport of heavy industrial equipment.
Transportation service providers on uShip place competing bids for the right to haul a customer's shipment. For some categories, including boats, autos and less-than-truckload (LTL) freight, customers can select an upfront quote for transport services or enter an acceptable price to be matched with a transporter. Customers can book a shipment immediately from these quotes or opt to wait for auction bids, similar to eBay???s ???buy it now??? feature.
The company uses a feedback rating system for service providers and customers, similar to the eBay feedback system. Transport companies on uShip maintain company profiles that feature past customer feedback (in several service categories), equipment photos, videos, cargo insurance data, and information about U.S. Department of Transportation licensing, operating authority, and licensing verification.
The site's reverse auction format aims to reduce the cost of shipping by enabling service providers to find shipments along their routes and fill empty cargo space.
In 2002, CEO and founder Matthew Chasen developed the idea for uShip while moving from Washington to Texas. Chasen planned to rent a small truck for his move, but found the limited selection of rental trucks to be far larger in size than necessary. Chasen also recalled that his mother was unable to find an affordable way to ship an antique dresser from Ohio to Texas in the previous year. While driving a virtually empty 20-foot truck to Texas, Chasen wondered how many other trucks traversed the country partially empty.
Chasen developed the business plan for uShip while enrolled in the MBA program at the Univ

Uship Latest News

uShip Moves Into Spiffy New Digs

Austin-based uShip has moved into some spiffy new digs this week, moving into a new office space on East Riverside Drive. uShip said its new headquarters building has 45,000 square feet, and will house its 220 employees, and features such amenities as ...
Posted: August 10, 2017, 6:49 am

Austin’s uShip unveils sleek new HQ, gears up for more growth

After years of working in two downtown offices, uShip employees are finally under the same roof in a sleek new headquarters on East Riverside Drive. And the timing is right: the move comes as the 220-person company, which runs an online shipping ...
Posted: August 8, 2017, 1:00 am

New uShip headquarters offer employees plenty of room to collaborate (and grab free lunch)

For its new headquarters to keep up with rapid growth, uShip Inc. created its own take on the modern workplace in a thriving pocket of downtown Austin. The logistics technology company — which gained popularity thanks to the "Shipping Wars" TV series ...
Posted: August 10, 2017, 1:42 pm

From company punk bands to trips to Spain, here's how local tech teams bond after hours

It also creates a sense of community. uShip’s out-of-work activities span recreational sports leagues to Startup Games training sessions. Angie Meier, uShip’s senior manager of talent acquisition, filled us in. What types of activities do your ...
Posted: August 10, 2017, 8:14 am

uShip Unveils Bright, Inviting New Corporate Headquarters

Heather Hoover, executive vice president of operations at uShip, joined the company in 2005, a year after its founding. At the time, uShip, the online shipping marketplace and freight automation software provider, didn’t have a formal office. Nick Parker ...
Posted: August 8, 2017, 10:55 pm
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