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Autonomous Trucks

  • Autonomous Trucks are trucks that operate and drive themselves without the complete need for a driver.
  • The technology as of right now only can operate on highways
  • This provides many technological benefits, such as increased efficiency.
  • Many are frightened by the potential job loss of drivers.
  • With increased dependence on ecommerce, efficient delivery is increasing in demand

Good company in a journey makes the way seem shorter. — Izaak Walton

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Autonomous Cars

Pricing of autonomous trucks are double that of a regular truck.

A self-driving truck is valued at $30,000 compared to a regular truck at $15,000

A number of companys are already involved in the autonomous vehicle industry including:

  • OTTO Motors
  • Tesla
  • VOlvo
  • Uber

Opportunities

  • More jobs placed into service industry (Economic Growth)
  • Increased Infrastructure (Economic Growth)
  • Cheaper shipping costs
  • Faster shipping
  • Increased research into zero emission trucking
  • Faster expansion into autonomous driving laws
  • Safety
  • No potential driver shortage
  • Faster value chain
  • Cheaper price (bigger profit margins)
  • Creation of a new industry (tech mechanics)

Weaknesses

  • Job Loss
  • Overhead Costs
  • Technology Development Problems (Weather conditions)
  • Legality
  • Time
  • Driver Concentration
  • Safety Concerns
  • Maintenance development
  • Cybersecurity
  • Emergence of new problems unknown
  • Change of road system (expensive) publicly funded

Breakthroughs in Autonomous Technology

  • Self driving trucks can coordinate to move closely together to cut wind drag and save gas
  • More efficient
  • Can replace truck drivers
  • Lasers to detailed detect surroundings
  • Technology is not in small rural cities yet
  • Bright sunlight can still blind cameras
  • Volvo and Otto big key west players

Future Breakthroughs:

  • Future breakthroughs will allow autonomous trucks to be used without any driver whatsoever, allowing shipping in fleets and difference in operations
  • Trucks will mostly stick to highways, and use transfer hubs as a business process to exchange loads between conventional trucks and self driving