Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Aurora Innovation completes a capital raise of $820 million, supporting its autonomous trucking venture launch.
Self-driving technology company Aurora Innovation raised $820 million through a public and concurrent private offering. The funds will support Aurora until its targeted commercial launch in 2024 and well into 2025. The company's plans to commercialize self-driving trucks have sparked pilot partnerships with FedEx, Paccar, Schneider, Werner, and Xpress. The launch will involve operating around 20 autonomous trucks between Dallas and Houston, hauling freight for customers without a driver. The funds will be allocated for working capital and other corporate purposes, potentially including acquisitions or investments in additional businesses, technologies, products, or assets.
Source: TechCrunch
Aurora, an autonomous trucking company based in Dallas, has begun manned test drives on this stretch with a goal of full automation by the end of 2024.
— Texas 2036 (@Texas2036) July 18, 2023
What are your thoughts on the future of self-driving cars in Texas?https://t.co/VfaeXlf8Xc
Click here to watch our interview on YouTube. Click here to listen to our interview on Spotify. FreightCaviar hopped on
Owing to battery supply chain issues, Tesla's CEO Elon Musk has announced that large-scale production of the company's electric Semi truck will be delayed until the end of 2024.
By Adriana Pulley Locus Raises $117 Million To Advance Warehousing Another win for robots! Locus Robotics, based in Massachusetts, has
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.
