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Autonomous Vehicles News: 15 Things to Know About UPS Self-Driving Trucks

William White

Autonomous vehicles are in testing by UPS (NYSE:UPS) as its looks to reduce costs.

Autonomous Vehicles News: 15 Things to Know About UPS Self-Driving Trucks

Source: Sundry Photography / Shutterstock.com

Here’s what to know about the UPS self-driving trucks.

  • UPS autonomous vehicles are undergoing testing in Arizona.
  • This has them travelling between Phoenix and Tucson.
  • It started testing these autonomous vehicles back in May.
  • The goal is to determine the effectiveness of using self-driving trucks in package transportation.
  • This means that the trucks in use are tractor trailers.
  • These tractor trailers are fitted with a computer capable of Level 4 Autonomous driving.
  • That means that the AI is able to pilot the vehicle without any input from a driver.
  • However, there are still driver’s present in case there is a need for manual takeover.
  • UPS is working with autonomous driving company TuSimple for these tests.
  • The company has also made a minor investment in the company.
  • UPS believes that there are several benefits from making to the switch to self-driving trucks.
  • This includes cheaper costs, higher safety and reducing its carbon emissions.
  • TuSimple is a relatively new company, having only formed in 2015.
  • Despite this, it is moving forward with autonomous vehicles that could help shipping companies.
  • Among this work is AI that is able to handle driving class 8 tractor-trailers for transportation purposes.

You can follow this link to learn more about the autonomous vehicles that UPS is testing out.

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UPS stock was up 1% as of Friday morning, but is down 6% since the start of the year.

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As of this writing, William White did not hold a position in any of the aforementioned securities.

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