With eye on intermodal, railroads invest in autonomous trucking company

[Mike]

Two Class I railroads were among the companies to invest in the latest round of funding for one of the startup companies that is developing self-driving trucks.

Online technology publication TechCrunch has reported that Union Pacific and Canadian National both were among the investors in a $350 million round of funding for TuSimple. CN declined to comment, but UP has confirmed its investment.

“Union Pacific makes small strategic investments from time to time in businesses or technologies that we believe could benefit our business,” spokeswoman Raquel Espinoza says. “In that context, we did take a small stake in TuSimple’s latest funding round. Because these small investments are strategic, we typically don’t discuss them in public.”

With eye on intermodal, railroads invest in autonomous trucking company - Trains

Two Class I railroads were among the companies to invest in the latest round of funding for one of the startup companies that is developing self-driving trucks. Online technology publication TechCrunch has reported that Union Pacific and Canadian National both were among the investors in a $350...

trn.trains.com

 

[Rigjockey]

Two Class I railroads were among the companies to invest in the latest round of funding for one of the startup companies that is developing self-driving trucks.

Online technology publication TechCrunch has reported that Union Pacific and Canadian National both were among the investors in a $350 million round of funding for TuSimple. CN declined to comment, but UP has confirmed its investment.

“Union Pacific makes small strategic investments from time to time in businesses or technologies that we believe could benefit our business,” spokeswoman Raquel Espinoza says. “In that context, we did take a small stake in TuSimple’s latest funding round. Because these small investments are strategic, we typically don’t discuss them in public.”

With eye on intermodal, railroads invest in autonomous trucking company - Trains

Two Class I railroads were among the companies to invest in the latest round of funding for one of the startup companies that is developing self-driving trucks. Online technology publication TechCrunch has reported that Union Pacific and Canadian National both were among the investors in a $350...

trn.trains.com

Yeah well, I am going to invest in the rail. It is pretty simple and has been done to make locomotives autonomous.

I am not sure why the rail thinks that we are in competition there is a market share and each industry specialize in what they do best.
If you want it when ever and done cheap, ship by rail. If you want it there in a certain time frame it goes by truck.