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Startup Tests Autonomous Delivery Vehicle on Public Route

The udelv autonomous vehicle successfully made deliveries to two nearby customers on a 2.5-mile route that included traffic lights, lane changes, unsignaled left turns, and multiple stops. Photo: udelv

The California startup udelv recently finished a public road test of its autonomous, last-mile delivery vehicle along a stretch of road near Draeger's Market in San Mateo, Calif.

The udelv autonomous vehicle successfully made deliveries to two nearby customers on a 2.5-mile route that included traffic lights, lane changes, unsignaled left turns, and multiple stops. Because of regulations on autonomous vehicle testing in the state, the vehicle was supervised by a safety driver and was set to test mode.

Led by former Tesla and Apple special projects engineer managers, the company is funded by a group of investors, including prominent U.S. and international venture capital funds as well as private investors.

The custom vehicle has a fully electric powertrain and features 18 secure cargo compartments with automatic doors. In its current configuration, the vehicle can drive for up to 60 miles per cycle and can load up to 700 pounds of cargo, according to udelv.

“Deliveries are the perfect first application for autonomous vehicles,” said Daniel Laury, CEO of udelv. “Customers simply open the locker with a press of a button on their mobile device and the vehicle heads on its way to the next delivery or back to the store.”

A dedicated application is available on iOS to track and potentially reschedule deliveries, with an Android version to be released soon. The company also created an ultra-low latency teleoperations system to monitor and control the vehicles remotely and allow for overrides and human-assisted guidance in unique situations.

The company plans to test dozens of udelv vehicles on the roads in a few states within a short timeframe and eventually use a subscription-based business model to roll ...Read the rest of this story

Trump is reportedly talking about asking Attorney General…

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Advanced Micro Devices, Inc. Shares Cautiously Higher on Back of 4Q:17 Results

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Earnings Watch: Knight-Swift, C.H. Robinson Report Better Profits

Truckload carrier Knight-Swift Transportation Tuesday reported the biggest gain in earnings seen so far this earnings season, while third-party logistics provider C.H Robinson Worldwide reported a more modest increase in profits.

Knight-Swift Transportation Holdings Inc. reported fourth quarter 2016 net income skyrocketed more than 1,900% from the same time a year ago, totaling $447.6 million, or $2,50 per share, a more than 800% increase.

Total revenue jumped 370% to nearly $1.36 billion. Operating income also rose more than 300% to $143.8 million.

Included in the results is an income tax benefit of $364.2 million representing the company's estimate of the net impact of the Tax Cuts and Jobs Act enacted by Congress during the quarter.

Also included in the results for the quarter are $10.3 million of amortization expense related to the intangible assets recorded in the 2017 merger between Knight and Swift and a $1.9 million charge for legal reserves related to settlement of certain class action lawsuits for Knight.

Excluding these special items, adjusted earnings per diluted share for the fourth quarter were 52 cents compared with 29 cents a year earlier.

For all of 2017, net income increased more than 400% to $484.3 million while revenue moved nearly 117% higher to more than $2.4 billion.

The company noted as it reported numbers that include results after the Sept. 8, 2017, merger with Swift, “comparisons to prior periods are not meaningful.”

“Our results for our first full quarter after the merger were encouraging, reflecting favorable market developments in freight demand as well as our early progress on synergies, sharing best practices between our brands and cost control,” said Dave Jackson, CEO. "The freight environment continued to strengthen in the fourth quarter and showed more staying power than is typical into late December and January.”

C.H. Robinson 4th Quarter Profit Rises Nearly 25%

At C.H. Robinson Worldwide ...Read the rest of this story