Autonomous trucking company Aurora looks to accelerate toward profitability
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In this article Take a drive in Texas on Interstate 45 between Houston and Dallas or I-20 between Fort Worth and El Paso, and you will see dozens and dozens of tractor trailers. They are two of the busiest highways in the country for trucks - and two routes where Aurora Innovation is operating completely autonomous semis. "It's using lasers, radar, and cameras to look all around it and see the other cars, see the other trucks on the road, and figure out how to drive safely," said Chris Urmson, Aurora founder and CEO. He talked with CNBC's Phil LeBeau for more than three hours as they rode in the cab of an autonomous Aurora truck. With 20 driverless trucks currently on the road and plans to grow the autonomous fleet to 200 trucks by the end of this year, Aurora is targeting major growth over the next several years. The company's selling point is that it says an autonomous truck can operate more efficiently and at a lower cost than a semi with a driver behind the wheel. "We can help them [truck operators] save on fuel economy," Urmson said. "We can move goods more quickly and then we can fill the need when they can't hire amazing drivers for their teams." Ravi Shanker, transportation analyst with Morgan Stanley, estimates that "an autonomous fleet should be nearly 7.5X as profitable as a human-driven fleet today." Bank of America, meanwhile, estimates "Aurora services will...
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