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Benzinga
Benzinga
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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