It’s not just the logistic efficiencies that could be achieved with AI, if we can have driverless cabs hauling people all over a city, why not driverless big rigs hauling freight all over the country.
The other money quote is near the end...
"Separately, investors are watching to see how trucking companies could also be impacted by U.S. Transportation Secretary Sean P. Duffy’s Wednesday ruling to prohibit, according to the announcement, “unqualified foreign drivers” from obtaining licenses to drive commercial trucks and buses."
They are losing their cheap, abusable, foreign labor...therefore costs will increase when they have to hire actual qualified US citizens who can read road signs and know how to legally drive on a highway.
Did you see the story last week about how Waymo cars are connected to live techs in the Philippines? Yea, we’re ready for driverless rigs.
Maybe for milk runs but not for real rigs. My son runs flatbeds and semi dump trailers. I don’t think he’s ever backed into a loading dock but he can put his rig almost anywhere, and get back out.
Why not Gold Medals that fall off and break?
The Dollar continues to de-value while people squeeze the last ounce of profit from businesses that now serve no purpose.
Why would trucks drive all over the country to deliver goods to unemployed people?
Don't get me wrong. I believe people should be employed productively, but this is the failing of "Capitalism" - making money off of capital. It can become a death-spiral of profiteering, just as much as Communism is a death-spiral of tyranny.
America needs a majority of private ownership of businesses, I believe.