Autonomous Trucks
Self-driving trucking company TuSimple Holdings (NASDAQ: TSP) said on Monday it scored 1,000 new bookings in April and added 1,200 in the first quarter, taking its total booking to 6,775 trucks so far. What Happened: The San Diego-based autonomous trucking company that raised $1.35 billion in a public offering last month is gearing up to launch driverless 18-wheelers in partnership with Navistar International Corp (NYSE: NAV) beginning 2024. TuSimple and Navistar had last year announced a strategic partnership to co-develop L4 autonomous heavy-duty trucks. On Monday, Plus announced a SPAC deal with plans to launch autonomous trucks in 2021. See Also: Autonomous Trucking Company Plus Announces SPAC Deal: What Investors Should KnowIn the trucking industry, there is a driver shortage, high driver turnover and about two-thirds of costs are made up from labor and fuel.