🎣 Freight Stocks Got Rocked
A penny stock wiped $4.8B off C.H. Robinson's market cap yesterday. Plus: self-driving trucks are now running 1,000 miles nonstop, STG Logistics cleared a major bankruptcy hurdle, the FMCSA revoked nine ELDs, and more.
California Governor Gavin Newsom's late-night veto decision sparks debate as unions argue against autonomous trucks, fearing job losses.
In a surprising midnight twist, California's Governor Gavin Newsom threw a wrench into plans to ban self-driving trucks without a human onboard till the 2030s.
Union vs. Tech: The Showdown
Tech World Chimes In:
California, The Golden (State) Opportunity:
Across the US:
Bumpy Ride for Driverless Big Rigs:
Future of Autonomous Trucking in California
California's significance in the national supply chain makes it a crucial battleground for the autonomous trucking industry. While Governor Newsom's veto maintains the status quo for now, the question remains: when will self-driving trucks truly transform the way we move goods?
Source: Wired
We commend @CAgovernor Newsom for vetoing #AB316. As a result, California’s safety experts can continue to evaluate autonomous vehicle technology and consider appropriate regulatory action.
— Autonomous Vehicle Industry Association (@theavindustry) September 23, 2023
Our full stmt: https://t.co/1cwZFl8KL1
Join over 14K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).