Live · The Road to Autonomy Indices
.RCI · Robotaxi Confidence Index 57.8 – 0.0 .ADLCI · Autonomous Driving Licensing Confidence Index 44.0 ▲ +0.2 .ATCI · Autonomous Trucks Confidence Index 40.4 ▼ +0.1 .DCI · Delivery Bots Confidence Index 55.4 – 0.0 WaymoUS 85.6 ▲ +0.3 Baidu Apollo GoCN 81.8 ▲ +0.9 WeRideCN 77.1 ▲ +1.8 Starship TechnologiesEE 67.0 ▲ +1.0 NeolixCN 66.4 – 0.0 Pony.aiCN 65.5 ▼ -1.7 Serve RoboticsUS 65.1 ▲ +2.0 XPengCN 59.2 ▼ -0.3 Applied IntuitionUS 55.4 ▼ -0.2 MobileyeIL 54.7 ▲ +14.5 KodiakUS 54.2 ▼ -3.6 AuroraUS 52.9 ▲ +1.4 TeslaUS 52.7 ▲ +0.4 MomentaCN 52.5 ▲ +0.8 Cao Cao MobilityCN 51.3 – 0.0 Didi Autonomous DrivingCN 51.1 ▼ -0.1 DeepRoute.aiCN 47.5 ▲ +0.2 CocoUS 47.4 ▼ -3.7 DoorDash DotUS 43.9 ▼ -10.2 MeituanCN 42.9 – 0.0 ZooxUS 41.3 ▲ +0.1 May MobilityUS 41.1 ▲ +1.0 Volvo Autonomous SolutionsSE 38.4 – 0.0 AvrideUS 37.1 ▲ +1.5 Avride PodUS 37.0 ▲ +2.3 Bot AutoUS 36.5 – 0.0 MotionalUS 34.0 ▼ -2.5 MOIA AmericaDE 34.0 ▲ +2.9 WaabiCA 33.7 ▲ +1.1 WayveGB 32.8 – 0.0 TorcUS 32.7 ▲ +3.5 Tensor AutoUS 27.8 – 0.0 VerneHR 25.7 ▲ +0.6 AutobrainsIL 22.7 ▲ +0.2 Stack AVUS 21.7 – 0.0 Helm.aiUS 19.3 – 0.0 NuroUS 19.2 ▼ -3.3 PlusAIUS 17.1 – 0.0 HUMAINSA 2.9 – 0.0 .RCI · Robotaxi Confidence Index 57.8 – 0.0 .ADLCI · Autonomous Driving Licensing Confidence Index 44.0 ▲ +0.2 .ATCI · Autonomous Trucks Confidence Index 40.4 ▼ +0.1 .DCI · Delivery Bots Confidence Index 55.4 – 0.0 WaymoUS 85.6 ▲ +0.3 Baidu Apollo GoCN 81.8 ▲ +0.9 WeRideCN 77.1 ▲ +1.8 Starship TechnologiesEE 67.0 ▲ +1.0 NeolixCN 66.4 – 0.0 Pony.aiCN 65.5 ▼ -1.7 Serve RoboticsUS 65.1 ▲ +2.0 XPengCN 59.2 ▼ -0.3 Applied IntuitionUS 55.4 ▼ -0.2 MobileyeIL 54.7 ▲ +14.5 KodiakUS 54.2 ▼ -3.6 AuroraUS 52.9 ▲ +1.4 TeslaUS 52.7 ▲ +0.4 MomentaCN 52.5 ▲ +0.8 Cao Cao MobilityCN 51.3 – 0.0 Didi Autonomous DrivingCN 51.1 ▼ -0.1 DeepRoute.aiCN 47.5 ▲ +0.2 CocoUS 47.4 ▼ -3.7 DoorDash DotUS 43.9 ▼ -10.2 MeituanCN 42.9 – 0.0 ZooxUS 41.3 ▲ +0.1 May MobilityUS 41.1 ▲ +1.0 Volvo Autonomous SolutionsSE 38.4 – 0.0 AvrideUS 37.1 ▲ +1.5 Avride PodUS 37.0 ▲ +2.3 Bot AutoUS 36.5 – 0.0 MotionalUS 34.0 ▼ -2.5 MOIA AmericaDE 34.0 ▲ +2.9 WaabiCA 33.7 ▲ +1.1 WayveGB 32.8 – 0.0 TorcUS 32.7 ▲ +3.5 Tensor AutoUS 27.8 – 0.0 VerneHR 25.7 ▲ +0.6 AutobrainsIL 22.7 ▲ +0.2 Stack AVUS 21.7 – 0.0 Helm.aiUS 19.3 – 0.0 NuroUS 19.2 ▼ -3.3 PlusAIUS 17.1 – 0.0 HUMAINSA 2.9 – 0.0
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Autonomous Truck - The Road to Autonomy

It All Comes Down to Unit Economics

Matt McLelland, VP of Sustainability and Innovation, Covenant joined Grayson Brulte on The Road to Autonomy podcast to discuss why it all comes down to unit economics when fleets are evaluating new trucking technologies such as battery electric trucks and autonomous trucks.

The conversation begins with Matt discussing how Covenant is thinking about implementing battery electric trucks into their fleet. With limited range and reduced weight capacities, the right lane and freight have to be matched up to ensure a successful run.

The fleet of the future is actually going to be something that is made up of a lot different pieces of equipment that reflect the different and diverse needs of our customer base.

– Matt McLelland

Reduced capacity comes with increased cost, as battery electric trucks cost roughly 50% more then traditional diesel trucks. Factor in stubborn inflation, slim margins and a Fed Funds interest rate of 5.33%, fleets are hamstrung when it comes financing the increased cost of battery electric trucks.

Is a hybrid solution the right solution? As companies look to lower their carbon emissions, could electrified trailers be the solution? Or it could be renewable diesel or B100 (pure biodiesel)?

Hybrid solutions that are not full on zero-emission vehicles, that’s what I think the future is.

– Matt McLelland

The costs to implement low carbon, zero-emissions technologies for trucks is going to cost more. For the business model to work, that cost is going to have to passed onto the consumer. But the economic reality is, consumers will not pay more for shipping as they are used to fast free shipping commonly known as the “Amazon effect“.

Could the push towards low carbon and zero-emissions trucks inadvertently accelerate the implementation and adoption of autonomous trucks?

It all comes down to the unit economics.

– Matt McLelland

Autonomous trucks offer better unit economics than traditional trucks, and the economics only get better as the size of the fleet increases. Covenant is taking a measured approach to autonomous trucking by rolling up their sleeves and developing relationships with the developers. This approach has led to commercial relationships with Aurora and Torc.

Wrapping up the conversation, Matt shares his thoughts on the future of the trucking industry.

The future is bright. The future is autonomous. The future is The Road to Autonomy.

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