Autonomous Trucks
Embark Trucks laid off 70% of its workers on Friday and may liquidate. The first autonomous trucking company to haul freight cross country under robot control is closing offices in Houston and Southern California. Embark completed a cross-country run of an autonomous truck with a safety driver on board in 2018 — the first among a growing field of autonomous trucking startups. But whether Embark would be able to persuade OEMs to integrate its software onto their trucks was an unanswered question. Embark Trucks concludes SPAC but bolting investors take back $300MClick for more FreightWaves articles by Alan Adler.