uShip Sets Vehicle, Motorcycle Transport Records in First Quarter

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A company-record $7.6 million in auto and motorcycle shipping was transacted on uShip during Q1 2011; The online transport marketplace also forecasts the next two quarters will be the most active for auto carriers since summer 2007

A 30 percent increase quarter-over-quarter in vehicles and motorcycles can be attributed to a strengthening economy and positive impact from our eBay Motors integration. - Dean Xeros, uShip

During the first quarter of 2011, online transport marketplace uShip saw a company-record $7.6 million in vehicle and motorcycle shipping transacted on its site, an increase of 24 percent over Q4 2010 (the previous high) and 33 percent over Q1 2010. Austin-based uShip also saw more than 56,000 listings in the U.S. – 40,000 vehicles and 16,000 motorcycles – posted on its site during the first quarter, up 30 percent over last quarter. Revenue from vehicle and motorcycle transport also increased by 24 percent.

“uShip’s first quarter numbers outpaced the market at large as shipping rates remained very competitive despite record highs in diesel fuel costs,” said Dean Xeros, General Manager, uShip Motors. “Across uShip, listings serve as a barometer of consumer and dealer demand. A 30 percent increase quarter-over-quarter in vehicles and motorcycles can be attributed to a strengthening economy and positive impact from our eBay Motors integration.

“This upward trend will only get stronger over the next two quarters as uShip’s marketplace pricing model gains wider acceptance, relocation season kicks in, and boating season hits full stride. Our recommendation is for auto carriers and owner operators to get ready -- we forecast the coming months to be the most active market in vehicle shipping since summer 2007.”

uShip Motors, which comprises vehicles, motorcycles and boats categories, saw $30M in business transacted in 2010. Overall, the uShip marketplace has attracted $200 million in business.

About uShip
uShip helps relieve the stress and high cost of moving hard-to-ship items, such as heavy equipment, trucks, cars, boats, freight, household goods, pets and more. Since it was founded in 2004, the uShip marketplace has attracted $200 million in business transactions, one million customers and 200,000 service providers. uShip operates globally with localized functionality in the U.S., U.K., Germany, France, The Netherlands, European Union, Canada, and Australia. http://www.uship.com

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Dean Jutilla
uShip
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