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Aurora and Schneider to Autonomously Haul Freight in Texas
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Aurora Innovation (NASDAQ: AUR) and Schneider National (NYSE: SNDR) have launched a commercial pilot program to autonomously haul freight for Schneider’s customers. This multiphase pilot is a significant step toward integrating autonomous technology into Schneider's fleet, improving operational efficiencies. The Aurora Driver will begin weekly hauls between Dallas and Houston, with load frequency expected to increase as the partnership expands. This program aims to enhance Aurora Horizon, Aurora's subscription-based autonomous trucking service, by testing vehicle readiness and delivering premium service.
Positive
The pilot program allows Aurora to test its autonomous technology in real-world conditions, enhancing its service offerings.
Weekly hauls will aid in optimizing the Aurora Driver's performance and reliability as it learns from each load.
Collaboration with a major carrier like Schneider strengthens Aurora's market position and prepares it for scaling its autonomous services.
Negative
None.
Schneider to learn how its operations will benefit from autonomous technology
Pilot designed to prepare companies for the commercial launch of Aurora Horizon
PITTSBURGH--(BUSINESS WIRE)--
Today, Aurora Innovation, Inc. (NASDAQ: AUR), a leading autonomous vehicle company, and Schneider National, Inc. (NYSE: SNDR), a premier multimodal provider of transportation services, announced a multiphase commercial pilot to haul freight for Schneider’s customers with the Aurora Driver, Aurora’s autonomous technology. This pilot reflects an important step for Schneider toward understanding how to incorporate autonomous trucks into its fleet to improve efficiencies and address the growing demand to move goods.
Aurora and Schneider announce a commercial pilot to autonomously haul freight for Schneider’s customers. (Photo: Aurora)
“Understanding more about an autonomous future is the logical next step to build a network that continues to deliver the best service for our customers,” said Rob Reich, Executive Vice President and Chief Administrative Officer at Schneider.
Schneider hauls freight on over 9.3 million miles a day for America’s biggest companies, creating an attractive value proposition for autonomous trucks that can haul freight 24/7/365. The Aurora Driver will begin weekly autonomous hauls this week between Dallas and Houston with Aurora vehicle operators on board. Load frequency is expected to increase as Schneider expands its relationship with Aurora.
Working with Schneider will be instrumental as Aurora makes progress toward delivering Aurora Horizon, its subscription-based autonomous trucking product. The pilot will strengthen and prepare Aurora Horizon in three important areas ahead of its launch:
Autonomy at scale – The Aurora Driver learns from every load it hauls autonomously. As the scale of these pilots increases, so does the Aurora Driver’s experience.
Vehicle readiness – Weekly hauls allow Aurora to test the durability of its next-generation trucks, based on PACCAR’s Peterbilt 579M, for commercial operation and deployment.
Premium service – Aurora’s fourth commercial pilot enables one of the industry’s largest carriers to play a crucial role in testing and validating Aurora’s product and service.
“Schneider has a reputation for delivering consistent and reliable service, evidenced by the sheer number of Fortune 500 customers. Preparing Aurora Horizon for prime-time with Schneider springloads our ability to deploy our product at scale in the years to come,” said Sterling Anderson, Aurora’s Co-Founder and Chief Product Officer.
Cautionary Statement Regarding Forward-Looking Statements
This Press Release contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited, to those statements around the commercialization efforts and developments in activities between Schneider and Aurora. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading “Risk Factors” section of Aurora Innovation, Inc.’s (“Aurora”) Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 12, 2022, and other documents filed by Aurora from time to time with the SEC, which are accessible on the SEC website at www.sec.gov. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. Aurora undertakes no obligation to update forward-looking statements to reflect future events or circumstances.
About Aurora
Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling semi-trucks to ride-hailing passenger vehicles, and underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. Aurora is partnered with industry leaders across the transportation ecosystem, including Toyota, FedEx, Volvo Trucks, PACCAR, Uber, Uber Freight, U.S. Xpress, Werner, Covenant, and Schneider. To learn more, visit www.aurora.tech.
About Schneider Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
What is the purpose of the Aurora and Schneider pilot program?
The pilot program aims to autonomously haul freight for Schneider’s customers, testing Aurora's autonomous technology and improving operational efficiencies.
When will the weekly autonomous hauls between Dallas and Houston begin?
The weekly autonomous hauls are expected to begin this week as part of the pilot program.
How does the pilot program benefit Aurora Horizon?
The pilot will strengthen Aurora Horizon by testing vehicle readiness, improving autonomy at scale, and delivering premium service.
What are the locations involved in the Aurora and Schneider pilot?
The pilot program will involve autonomous hauls between Dallas and Houston.
