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Business

Akanksha Bakshi

Loadsmith Partners With TuSimple For Autonomous Trucking Technology

TuSimple SAE TSP Nasdaq TuSimple Holdings Inc North America

Autonomous driving technology company TuSimple Holdings Inc (NASDAQ:TSP) has partnered with Loadsmith to adopt, integrate and scale TuSimple's SAE L4 autonomous technology into their operations. Deal terms not disclosed.
Loadsmith is a third-party logistics capacity as a service platform bridging the gap between shippers and carriers.
The partnership is an important strategic component of Loadsmith's mission to address the driver shortage in North America.
The partnership comes with an initial reservation of 350 units of purpose-built SAE Level 4 autonomous trucks for operation on TuSimple's autonomous freight network in 2024.
TuSimple has over 11,500 unique mapped miles in its Autonomous Freight Network.
Price Action: TSP shares are trading higher by 8.28% at $13.34 on the last check Tuesday.

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