DHL Partners with TuSimple to Adopt, Integrate and Scale Autonomous Trucking Operations
SAN DIEGO, Dec. 16, 2021 /PRNewswire/ -- TuSimple (Nasdaq: TSP), a global autonomous driving technology company, and DHL Supply Chain, one of the world's leading contract logistics providers, have entered into a global partnership to adopt, integrate and scale TuSimple's autonomous trucking technology into DHL's operations. The strategic collaboration is part of DHL's Accelerated Digitalization strategy and focuses on addressing the most pressing challenges facing the logistics industry.
In early December, DHL began daily freight haul operations utilizing TuSimple's San Antonio-to-Dallas Autonomous Freight Network (AFN). Now, with this extension of the partnership, DHL is disclosing that it has reserved 100 autonomous trucks being co-developed by TuSimple and Navistar in the U.S.
The partnership positions DHL at the forefront of autonomous trucking operations and opens the door for collaboration in other markets such as Europe and Asia in the future. With the integration of TuSimple's L4 technology into its network, DHL aims to leverage the potential of TuSimple's industry-leading autonomous driving technology specifically designed to meet the unique demands of heavy-duty trucks.
"Partnering with leading-edge technology companies is foundational to our digital transformation strategy, and TuSimple will play a key role in supporting our adoption of next wave transportation solutions," said Jim Monkmeyer, President, Transportation, DHL Supply Chain. "We share TuSimple's vision of utilizing efficiencies to drive a more sustainable future and have been encouraged by the results so far."
After establishing the first Autonomous Freight Network in 2020 in the U.S., TuSimple has since expanded its operations from Arizona to Florida, with plans to create a nationwide freight transportation network over the next few years. Concurrent with its expansion of the AFN in the U.S, TuSimple has initiated efforts in Europe and Asia, where it is testing its autonomous trucks on public roads in Sweden and in Asia at the deep-water port in Shanghai.
"We're excited to be working with DHL, one of the world's largest logistics leaders, to help them adopt, integrate and scale our autonomous trucking technology into their operations," said Cheng Lu, President, and CEO, TuSimple. "This new partnership further validates the appetite for autonomous trucking technology as the industry looks for ways to increase freight capacity, improve safety, and control operating costs."
About TuSimple
TuSimple is a global autonomous driving technology company, headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks. Visit us at www.tusimple.com
About DHL
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air, and ocean transport to industrial supply chain management. With about 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences, and healthcare, engineering, manufacturing & energy, auto-mobility, and retail, DHL is decisively positioned as "The logistics company for the world".
DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 66 billion euros in 2020. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve zero-emissions logistics by 2050.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking, including statements regarding TuSimple's business strategy and plans, the impact of autonomous trucks on the trucking industry, the expected efficiencies and savings from autonomous trucks, market opportunity and objectives of management for future operations. These forward-looking statements generally are identified by the words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast", "future", "intend," "may," "might", "opportunity", "plan," "possible", "potential," "predict," "project," "should," "strategy", "strive", "target," "will," or "would", the negative of these words or other similar terms or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the fact that autonomous driving is an emerging technology and involves significant risks and uncertainties; TuSimple's business model is relatively new; unfavorable changes to, or TuSimple's failure to comply with, applicable government regulations, including those related to autonomous vehicles; TuSimple's ability to develop its Autonomous Freight Network and market, sell or lease purpose-built L4 autonomous semi-trucks could be harmed if TuSimple's L4 autonomous semi-trucks fail to perform as expected; TuSimple's ability to commercialize its offerings at scale; various other factors relating to TuSimple's business, operations and financial performance, including, but not limited to, the impact of the COVID-19. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the caption "Risk Factors" in our final prospectus dated April 14, 2021, filed with the Securities and Exchange Commission (the "SEC") on April 16, 2021, and TuSimple's other filings with the SEC. These SEC filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. We do not give any assurance that we will achieve our expectations.
SOURCE TuSimple Holdings Inc.
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