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(TSP), United Parcel Service, Inc. (NYSE:UPS) – TuSimple, United Parcel Services Map New Self-Driving Routes


TuSimple, United Parcel Services Map New Self-Driving Routes

  • Self-driving truck expertise firm TuSimple Hldgs (NASDAQ: TSP) has mapped new freight lanes with United Parcel Service Inc (NYSE: UPS) from Arizona to Florida and has hit important gasoline financial savings for the bundle supply firm at freeway speeds.
  • TuSimple has notched up 160,000 miles hauling freight for UPS’ North America Air Freight (NAAF) division and has achieved 13% gasoline financial savings at speeds between 55 miles – 68 miles per hour since 2019. The routes for that UPS unit usually run between an airport and a UPS facility.
  • TuSimple shares the info from its operations with UPS, which additionally owns a stake in TuSimple.
  • “Reducing gasoline prices by ten-plus % would translate into billions of {dollars} of financial savings for all the U.S. trucking trade,” TuSimple Chief Govt Officer Cheng Lu informed Reuters.
  • TuSimple’s community started in Arizona, and the corporate has been increasing throughout the U.S. Southeast.
  • TuSimple plans to roll out a nationwide U.S. autonomous freight community by 2024.
  • Value Motion: TSP shares closed decrease by 0.90% at $39.54 on Thursday.

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