Uber’s rideshare trucking division, Uber Freight, announced on Thursday that it will acquire Transplace, a shipping software company, for $2.25 billion.

Uber Freight is a separate division of Uber, which offers software tools to supply chains and has over 70,000 carriers. It brought in $301 million in revenue in the first quarter of this year.

The deal will consist of $750 million in Uber stock, with the rest being in cash. Uber will be purchasing Texas-based Transplace from TPG Capital, which has had ownership since 2017.

Uber has explored different revenue avenues which included its self-driving unit and flying taxi segment but ended up selling these services in 2020 after failing to reach profit goals.

The rideshare service has shown to be focusing more on Uber Eats, with its other recent purchases of alcohol delivery company Drizly and other food delivery service Postmates.

Along with its freight service getting the attention now, Transplace claims to be one of the largest software platforms for managing supply chains to ship goods.

On its official website, Transplace states that it "powers one of the largest managed transportation and logistics network in the world with over $11 billion of Freight Under Management (FUM) and 62,000 unique users on our platform."

Uber Freight has shown growth over the past year but only accounts for a small amount of Uber’s overall revenue.