uShip, eBay Deal Puts Spotlight on Larger-Than-Parcel Shipping
AUSTIN, Texas – March 10, 2014 – Online shipping marketplace uShip and eBay Inc., one of the largest online marketplaces, today announced that uShip-powered delivery options will be incorporated across eBay categories that frequently contain Larger-Than-Parcel (LTP) items over 150lbs (70kg) and buyer-arranged delivery.
Initially available in eBay Motors’ U.S. vehicles, motorcycles, powersports and boats categories, more categories will be added this spring. Within a year, uShip will be integrated into global eBay properties, more deeply into listings and in the buyer checkout process.
As many as three million LTP items are sold on eBay each year. When items don’t meet conventional delivery size requirements or require packing and crating, it quickly adds both confusion and cost for buyers and sellers.
While oversized items on eBay represent a small percentage of total items sold, larger items tend to have higher selling prices so represent a disproportionately high share of Gross Merchandise Volume (GMV).
Despite the uShip-eBay agreement being new, millions of eBay buyers and sellers have already discovered how uShip can facilitate LTP commerce on eBay.
Since 2007, 93,000 users have linked their eBay accounts with uShip, which has seen over 560,000 eBay items valued at $712M (£412M) listed for shipping. To date, total shipping cost of eBay goods on uShip is nearly $75M (£45M), about 15 percent of uShip’s all-time total shipping volume of $500M (£301M).
“uShip’s agreement with eBay is a natural fit for several reasons,” said Matt Chasen, CEO and founder of uShip. “First, we’ve spent the last 10 years building a global network of more than 500,000 registered transporters that can handle LTP specialty shipments, whether that’s vehicles, heavy equipment, household goods or the truly unusual.”
“Second, eBay users are very familiar with uShip’s eBay-like feedback system, which helps them choose a transporter from among those with an average score greater than 97 percent positive. And finally, price – eBay buyers have saved $20M (£12M) in shipping costs through uShip. For transport service providers on uShip, this translates into more opportunity with extremely high-intent shipping customers,” said Chasen.
“As one of the largest online marketplaces for all things automotive, we aim to provide a complete lifecycle of services for vehicles from purchase to delivery,” says Bryan Murphy, head of eBay Motors. “Our work with uShip allows consumers the flexibility to evaluate transporters and select the delivery option that works best for their needs.”
uShip is the global transport marketplace that’s reinventing the traditional logistics process. By moving it entirely online and to mobile devices, it brings greater automation, transparency and efficiency to the traditionally inefficient shipping industry. Primarily serving the commercial freight, vehicles, and household goods markets, the uShip freight exchange seamlessly connects shipping customers – from freight brokers to business shippers and consumers – with feedback-rated transportation service providers that engage in online fixed price, spot market and auction-based transactions. Based in Austin, Texas, and Amsterdam, the company operates globally with localized sites in 19 countries and regions on six continents. It is backed by Benchmark Capital, DAG Ventures and Kleiner Perkins Caufield Byers, and is featured on “Shipping Wars,” the real-life television series broadcast worldwide. http://www.uship.com
Dean Jutilla, uShip, email@example.com, 650-814-3854