Against the odds: Driverless and AI…'we’re on a road to nowhere'
Hate to say ‘we told ya so’…but we told you so
GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENTFDX: TRADING UPDATE ON THE WAY TSLA: ON THE MENDGM: TECH STARTUP LISTINGDSV: NEW HIGH TARGET CHRW: BOLT-ON DEAL TIMEDHL: GO GREEN
GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GODHL: NEW CFO APPOINTMENTFDX: TRADING UPDATE ON THE WAY TSLA: ON THE MENDGM: TECH STARTUP LISTINGDSV: NEW HIGH TARGET CHRW: BOLT-ON DEAL TIMEDHL: GO GREEN
Flexport’s Ryan Petersen has penned this rather brilliant post – honestly, are these guys actually trying to do us out of a job? Don’t you have some freight to book instead? – in TechCrunch recently on the future of a trucking industry dominated by autonomous vehicles. It doesn’t look good for drivers; it perhaps appears rosier for anyone concerned about the driver shortage crisis both in Europe and the US – there will be vast cost savings in salaries and diving costs, because driverless trucks can operate around-the-clock; are expected to be more fuel efficient; there will likely be less accidents; and it goes a long way to solving the driver shortage crisis. But this is a far more socially aware article than one might expect from someone so steeped in Silicon Valley mores – drivers make up 1% of the US workforce, and effectively annulling those jobs over the course of a few years could have a cataclysmic impact on large sections of the economy.
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