US Xpress has worked closely with TuSimple for the past two years to better understand and prepare their operations for the arrival of autonomous technologies, and has been at the forefront of following the progress of TuSimple’s autonomous system.
âWe’ve been working with TuSimple since 2019, and we see them as the clear leader in self-driving trucking technology, which is why US Xpress is among the first in line for reservations,â said Eric Fuller, President and CEO, US Xpress. “Autonomous technology is complementary to other investments we have made to expand our service portfolio across the entire supply chain.”
TuSimple and Navistar previously announced a strategic partnership to co-develop autonomous L4 heavy trucks. TuSimple and Navistar will launch a fully integrated engineering solution manufactured by Navistar and slated for production in 2024.
âThese early booking figures reflect the appetite for autonomous driving technology in long-haul applications,â said Bob walsh, Vice-President, Emerging Technologies, Strategy and Planning, Navistar. “We are pleased to partner with TuSimple to deliver this integrated standalone solution to our customers.”
These bookings represent the first wave of customer engagement as TuSimple and Navistar began the booking process by contacting a select group of large customers.
âOur first wave customers recognize that a TuSimple and Navistar partnership is a winning combination, combining TuSimple’s cutting-edge stand-alone technology with Navistar’s world-class engineering and manufacturing capabilities,â said Cheng Lu, president. and CEO of TuSimple. “Autonomous trucks are poised to transform the trucking industry in powerful and innovative ways by setting a new standard of safety, while dramatically increasing efficiency and reducing fuel consumption.”
Today, TuSimple’s Autonomous Freight Network (AFN) operates a fleet of 50 L4 autonomous trucks in the states of Arizona, New Mexico and Texas. The company plans to expand the AFN’s network from coast to coast by 2023 and today transports freight to generate revenue on highways and surface streets for customers such as UPS, US Xpress and the Arizona Association of Food Banks, among others.
TuSimple is a global autonomous driving technology company, based in San Diego, California, with operations in Arizona, Texas, China, Japan and Europe. Founded in 2015, TuSimple develops a commercially ready Level 4 (SAE) fully autonomous driving solution for long-haul heavy trucks. TuSimple aims to transform the $ 4 trillion the global road freight industry thanks to the company’s proprietary artificial intelligence technology, which enables trucks to see 1000 meters away, run almost continuously and consume 10% less fuel than trucks at manual driving.
Visit us at www.tusimple.com and follow us on Twitter, YouTube and LinkedIn. Images and videos are available in our press kit at www.tusimple.com/media.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce InternationalÂ® brand commercial trucks, proprietary diesel engines, and IC BusÂ® brand school and commercial buses. A subsidiary also supplies spare parts for trucks and diesel engines. Another affiliate offers fundraising services. Additional information is available at www.navistar.com.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this press release that do not relate to historical facts should be considered forward-looking, including statements regarding TuSimple’s business strategy and plans, the impact of autonomous trucks on the trucking industry, expected efficiency gains and savings from autonomous trucks. , market opportunity and management objectives for future operations. These forward-looking statements are generally identified by the words âanticipateâ, âbelieveâ, âconsiderâ, âcontinueâ, âcouldâ, âestimateâ, âforeseeâ, âforeseeâ, âfutureâ, âintendâ. , “” may, “” could “,” opportunity “,” plan “,” possible “,” potential “,” predict “,” plan “,” should “,” strategy “,” strive “,” target “” will, “or” would “, the negative of such words or other similar words or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from forward-looking statements in this press release, including, but not limited to, the fact that the e autonomous is an emerging technology and involves significant risks and uncertainties; TuSimple’s business model is relatively new; adverse changes or failure by TuSimple to comply with applicable government regulations, including those relating to autonomous vehicles; TuSimple’s ability to develop its autonomous freight network and to market, sell or lease purpose-built L4 autonomous semi-trucks could be compromised if TuSimple’s L4 autonomous semi-trucks do not perform as intended; TuSimple’s ability to market its offerings on a large scale; various other factors related to TuSimple’s business, operations and financial performance, including, but not limited to, the impact of COVID-19. The above list of factors is not exhaustive. You should carefully consider the above factors as well as the other risks and uncertainties described under the heading âRisk Factorsâ of our final prospectus dated April 14, 2021 filed with the Securities and Exchange Commission (the âSECâ) on April 16, 2021 and other documents filed by TuSimple with the SEC. These SEC filings identify and address other material risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We do not give any assurance that we will meet our expectations.
SOURCE TuSimple Holdings Inc.