UPS joins the race for the future of delivery services by investing in self-driving trucks.
UPS announced an investment in TuSimple, an autonomous truck startup, on Thursday in an effort to cut costs and time in the ever-increasing race for more-efficient ground deliveries. UPS has already contracted TuSimple to deliver packages between Phoenix and Tucson since May, UPS revealed in the announcement.
Driver pay is the largest cost for trucking companies, accounting for as much as 43% of operational costs, according to the American Transportation Research Institute. "While fully autonomous, driverless vehicles still have development and regulatory work ahead, we are excited by the advances in braking and other technologies that companies like TuSimple are mastering," UPS' Chief Strategy and Transformation Officer Scott Price said in a statement.
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