PITTSBURGH / Apr 30, 2024 / Business Wire / Aurora Innovation, Inc. (NASDAQ: AUR) has released a white paper indicating that autonomous trucking has the potential for significant environmental benefits. The paper finds that autonomous trucking could increase energy efficiency by up to 32% relative to traditional trucking – helping the freight and logistics industry reduce emissions, meet environmental regulatory mandates, and bring down operating costs.
Transportation is a Significant Source of Emissions
Transportation makes up approximately 29% of greenhouse gas emissions in the United States and, of this, medium and heavy duty trucks account for 23%. In some freight-heavy states, this number is even greater – transportation causes approximately 50% of greenhouse gas emissions in California.
Autonomous Trucking Technology Can Help Fight Climate Change
There is a need for new technologies that reduce freight transportation’s negative impact on climate change. As Aurora advances toward driverless commercial operations, the company has examined ways to maximize the environmental benefits of autonomous trucks. The white paper identifies seven opportunities to use autonomous trucking to make freight transportation more energy efficient, including*:
Additionally, the white paper explains how the introduction of autonomous trucks into the supply chain can be a longer-term catalyst for accelerated adoption of next-generation powertrains, like battery electric and hydrogen fuel cell platforms, given the following:
Aurora is Developing Safe, Efficient, and Sustainable Autonomous Trucks
“As autonomous trucks make hauling freight safer, we have a responsibility to make logistics more sustainable as well. Self-driving technology can fight climate change by increasing energy efficiency and reducing emissions in the supply chain,” shared Garrett Bray, the author of the white paper. Bray is a Product Director at Aurora, and holds a PhD in Engineering and a Masters in Engineering for Sustainable Development from the University of Cambridge.
For carriers, autonomous trucks’ more efficient fuel consumption could reduce operating costs, and reductions in emissions would help meet federal and state environmental regulatory mandates. For more information on how Aurora prioritizes safety and efficiency, visit www.aurora.tech.
*The fuel consumption metrics for optimizing highway speeds, limiting idling, and eco-driving are not additive, and are independent of the autonomous trucking energy efficiency calculation included at the top of this press release. More information on these metrics can be found in the white paper.
About Aurora
Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles, and underpins Aurora’s driver-as-a-service products for trucking and ride-hailing. Aurora is working with industry leaders across the transportation ecosystem, including Continental, FedEx, Hirschbach, PACCAR, Ryder, Schneider, Toyota, Uber, Uber Freight, Volvo Trucks, and Werner. To learn more, visit www.aurora.tech.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. The words “believe,” “may,” “will,” “could,” “would,” “plan,” “indicate,” “potentially,” “likely,” and similar expressions and variations thereof are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, statements regarding our goals, predictions, objectives, and expected results. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties more fully described in our filings with the Securities and Exchange Commission, including our Form 10-Ks, Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission. Aurora undertakes no obligation to update or revise publicly any forward-looking statements, except as required by applicable law.
Industry and market data
Unless otherwise indicated, estimates and information contained in this press release concerning our industry and the market in which we operate, including our general expectations, market position, market opportunity, and market size, are based on industry publications and reports generated by third-party providers, other publicly available studies, and our internal sources and estimates. This information involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although we believe the information from the industry publications and other third-party sources included in this press release is reliable, we have not independently verified the accuracy or completeness of the data contained in such sources. The content of, or accessibility through, the below sources and websites, except to the extent specifically set forth in this press release, does not constitute a portion of this press release and is not incorporated herein.
Aurora Overview
Aurora Press Kit
Last Trade: | US$6.16 |
Daily Change: | -0.29 -4.50 |
Daily Volume: | 3,531,809 |
Market Cap: | US$8.250B |
October 30, 2024 July 31, 2024 January 05, 2024 November 01, 2023 |
Else Nutrition is changing the face of early childhood nutrition with clean, sustainable, plant-based products. The company has developed the world’s first whole plant-based infant formula that is targeting the $100+ billion global...
CLICK TO LEARN MOREUGE International develops, owns, and operates commercial and community solar projects in the United States and strategic markets abroad. Our distributed energy solutions deliver cheaper, cleaner energy to businesses and consumers...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS