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The company did not immediately respond to a Reuters request for comment.
The ride-sharing firm is discussing its options with potential advisers, according to the report, which adds that an initial public offering is a more likely outcome.
If the company lands on an IPO, it may not happen until next year and will depend on market conditions, the report added.
Uber launched the freight division in 2017 and acquired logistics firm Transplace in 2021 for $2.25 billion. Uber Freight connects truckers with shippers, acting as a middle-man in the long-haul trucking business.
In January, the division said it would lay off roughly 150 employees, or about 3% of its workforce.
