- Alphabet Inc's GOOG GOOGL self-driving trucking unit Waymo Via, and Uber Technologies, Inc's UBER Freight business collaborated for the efficient deployment of autonomous trucks.
- The financial terms of the transaction remain undisclosed.
- Now Waymo customers can use Uber Freight to plan their automated and human-driven trucking fleets more efficiently.
- Also Read: Lyft Pauses Hiring, Budgets To Beat Slowdown Following Uber's Footsteps
- Uber Freight's software connected truckers with shippers to reduce shipping costs and expensive empty cargo miles, Reuters reports.
- In 2021, Uber had acquired logistics company Transplace for $2.25 billion.
- Waymo aimed to launch its first fully driverless trucks beginning on the Texas I-45 between Dallas and Houston.
- Price Action: UBER shares traded higher by 1.35% at $25.07 on the last check Tuesday.
- Photo via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in