The Road to Autonomy

Brett Suma, CEO, Loadsmith joined Grayson Brulte on The Road to Autonomy podcast to discuss the development of the Loadsmith Freight Network and how the network will create economic stimulus in local communities. The conversation begins with Brett discussing the development of the Loadsmith Freight Network. You can look at the LFN and compare it somewhat to a railroad and their ability to capture capacity. – Brett SumaThe Loadsmith Freight Network will consist of both professional drivers and autonomous trucks. Autonomous trucks on the LFN will mostly operate on the 350 to 900 mile runs, while the professional drivers will focus on the shorter first and last mile routes. For the Loadsmith Freight Network to operate at peak performance, the company developed a digital software layer that enables “Precision Trucking”. The cost savings derived from Precision Trucking will be reinvested in first and last mile operations in terms of higher pay for professional drivers and amenities. With higher pay for first and last mile drivers, local communities will begin to experience a form of economic stimulus through higher spending. Spending will help drive economic growth in those communities and help to off-set increased the cost of goods and services due to inflation.The lanes where autonomous trucks are first introduced will be based on freight flow, regulatory environment, technical feasibility and the economics of the lane. Everything we know about current pricing is going to change when autonomous starts hitting the street. – Brett SumaNot all lanes are created equal from an economic standpoint. The Dallas to Houston lane is oversaturated and it will be a race to the bottom in terms of pricing when autonomous trucks are rolling on that lane 24/7. That is not where Loadsmith is going as they focused on unit economics. Through their development partnership with Kodiak, Loadsmith is collectively studying the unit economics of lanes. It’s this economic discipline that is going to enable their partnership to scale. The respect that Brett and the Loadsmith team has for professional drivers comes from the simple fact that they are listening. We’re doing this, because we are listening to workers. – Brett SumaProfessional drivers are telling them that they want to be home every night and have consistency in their paycheck. Wrapping up the conversation, Brett shares his thoughts on the future of trucking.Recorded on Friday, August 4, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chuck Price, President, AI Kinetics joined Grayson Brulte on The Road to Autonomy podcast to discuss the shutdown of Waymo Via and what it means for the development of the universal driver. The conversation begins with Chuck sharing his thoughts on the current state of the autonomous trucking industry.We are going through change. What we’re seeing is the early phase of this development which was largely science doing science, now moving to doing engineering and commercialization. Some of the companies that have been involved in this thought ahead for that and are prepared and others are struggling or have struggled. What we are seeing is a consolidation and some changes in strategy that I think are normal and healthy for an industry as complex as this. – Chuck PriceThe consolidation currently occurring in the autonomous trucking industry is healthy — the market is functioning properly. On Wednesday, July 26th, Alphabet announced Waymo will be shutting down their autonomous trucking division — Waymo Via. While this may have come as a surprise to many, there were rumors in the market and public statements by Alphabet on earnings calls that laid the foundation for this announcement. Waymo did the right thing for a lot of reasons. – Chuck PriceBy shutting down Waymo Via, Waymo is now going to focus exclusively on their robotaxi business — Waymo One. As Mr. Price stated, this is indeed the right thing for Waymo to do as they are in a head-to-head competition with Cruise. Cruise is a formidable opponent with the resources to compete. Not to mention, Cruise is currently expanding at a much more rapid pace than Waymo. Cruise is in the driver’s seat, while Waymo follows behind. From a technical perspective, was this an admission by Waymo that the Universal Driver did not work as they expected? Or is this more inancial discipline coming from Waymo as the division will have a new de facto CEO on September 1st — Ruth Porat, President & Chief Investment Officer of Alphabet. In her new role Ms. Porat will be responsible for investments in Alphabet’s “Other Bets”. To further streamline the business and appease Wall Street, could Ms. Porat look to license the Waymo driver to global OEMs? Or raise additional capital outside by collateralizing Waymo’s IP? Aurora Innovation with 1,450 patents related to autonomy recently raised $820 million in new capital. I am confident that the formal IP developed by Aurora gave them a huge advantage when they went to raise money, and without that they probably would not have been able to raise. – Chuck PriceEven though Aurora recently raised $820 million in new capital, the company has a cash burn rate of $45.3 million a month. It’s expensive to operate, Aurora. With Waymo signaling that the Universal Driver did not work, Aurora continues ahead with developing their version of the Universal Driver. Would Aurora be wise to shut down their passenger car business and focus solely on autonomous trucking? This decision would allow Aurora to streamline their business and lower their cash burn rate — the economics point the way forward. But the question remains, what path will Aurora choose as the company matures and grows?I haven’t seen a Universal Virtual Driver yet, but I have seen focused drivers come to fruition. We’ve seen cars that are now self-driving without safety drivers. We’ve seen trucks that are self-driving without safety drivers. Both have been achieved. The science is done for those specific use cases. – Chuck PriceTo scale an autonomous trucking startup, the startup has to have a production relationship with a truck OEM. To achieve this relationship, the autonomous trucking startup will have to commit $50 to $100 million to the relationship.Wrapping up the conversation, Chuck shares his thoughts on how he sees the autonomous trucking industry evolving over the next five years.Recorded on Tuesday, August 1, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Todd Lewis, Vice President, Prologis Ventures, Prologis joined Grayson Brulte on The Road to Autonomy podcast to discuss how Prologis is preparing for the future of logistics with autonomous trucks.The conversation begins with Todd discussing how Prologis is approaching the future of autonomy as autonomous trucks will be operating at their customers facilities. Our role across many of our customers footprints is how can we be an accelerant for adoption, for things that can be transformative to their bottom line, to their top line, to their day-to-day growth. Because we want to have customers that can thrive using our existing footprint today. – Todd LewisTo prepare their facilities for autonomous trucking, Prologis is putting plans in place today to update the infrastructure and add services such as fiber to support autonomous operations. As Prologis plans for autonomy, the company is taking a measured approach to leasing by hedging their capital risk for infrastructure development and capital investment.To limit their capital risk, Prologis develops their infrastructure to be future-proofed. Whether it’s the switch to electric vehicles and laying the conduit needed for energy to designing the yards for autonomous trucks, Prologis is developing for the future. From an underwriting perspective, the company has a robust due diligence process that looks at the long-term viability of the potential company leasing the real estate. Including if they have a corporate parent with superior credit and a healthy balance sheet who could co-sign the lease.We choose partners that have the highest likeliness of success. We try to stay true to picking partners and customers who have operations and new business practices that have, what we would consider staying power. – Todd LewisTo prepare for all the changes currently happening in the market, Prologis created a mobility division to focus on accelerating EV adoption and preparing for autonomy. Focused both on automation outside and inside the facility as by 2027, it is projected that 26% of all warehouses will have some level of automation.I believe that you have to enable automation in order for it to be properly utilized. It’s the nuances that matter. – Todd LewisOutside of the facility, the yard of the future is going to change as there will be autonomous truck launch and landing pads. The changes from an infrastructure standpoint will be minor, but from a human interaction standpoint, major. As both autonomous trucks and human driven trucks will operate at the same facility.The interaction with the human element is something that over time will have to be fleshed out a bit, in order for those systems to work properly. – Todd LewisWrapping up the conversation, shares his thoughts on the future of logistics. Recorded on Monday, July 10, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dean Foreman, Chief Economist, Texas Oil & Gas Association joined Grayson Brulte on The Road to Autonomy podcast to discuss the global record demand for oil and the Texas economy.The conversation begins with Dean discussing the current state of the oil markets. In a nutshell they are deceptively tighter than relativity modest prices, of plus or minus $70 a barrel recently would indicate. – Dean ForemanEven though we are currently in a tight oil market, global oil demand is projected to increase to 102.7 million barrels per day in 2024 — a record high. If the economy stays on track and continues to hum along and not fall into a recession, the oil supply pressures could continue to mount. Historically in a rising rate environment, the demand for oil and commodities in general has decreased. This time however, we are seeing the demand for oil continuing to be strong. The increased demand for oil is primarily coming from emerging markets. We’re seeing emerging markets drive the majority of economic growth this year, projected again over the next two years and hand-in-hand with that has come the energy demand to go with it. – Dean ForemanIf the demand for oil continues as projected, The United States can bring more supply online. In the United States, Texas currently produces 5.4 million barrels per day of oil. With global demand for oil increasing, Texas’ economy has led the nation in economic growth for the last two quarters. Texas economy is growing at an average annual pace of 7.6%, more than 2.5 times the U.S. average. From January 2023 to April 2023, Texas generated $73.2 billion of state export revenues. When Texas does well, the U.S. does well. – Dean ForemanWith 43.6% of the oil in the United States being produced in Texas, the industry puts safe guards in place to protect against the potential impacts of hurricanes to ensure that oil can continue to flow. Wrapping up the conversation, Dean shares his outlook for the global oil markets and what he expects to see occur over the next quarter. Recorded on Friday, July 7, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stefan Heck, Founder & CEO, NAUTO joined Grayson Brulte on The Road to Autonomy podcast to discuss how NAUTO’s predictive-AI software is helping to reduce distracted driving. The conversation begins with Stefan discussing what he saw in the market when he founded the company in 2015 and what he learned from collision data. There is nothing as dangerous as distracted driving. – Stefan HeckAccording to NAUTO’s propriety data, on average, a commercial driver is distracted 7 times per driving hour, equating to roughly every 9 minutes. To help mitigate the distracted driving risk and reduce potential crashes, the NAUTO system monitors drivers behaviors and offers audio cues to gain the drivers attention. With-in the first week of using NAUTO, about 80% of all the distractions and nearly 100% of the severe long distractions are eliminated. – Stefan HeckThe system acts as a virtual coach that keeps drivers engaged while driving, giving them feedback in real-time on their driving behavior. The feedback comes in the form of a virtual coach that inspires change. When a driver realizes that their behavior as dangerous, they are more likely to change that behavior. In the data NAUTO has seen 80% to 90% of the drivers drop their risk behavior based on feedback from the virtual coach.This virtual coach, predictive-AI system is able to identify potential dangerous scenarios because it has been trained on 3 billion miles with over 200,000 high-risk driving events. The accuracy of all of these interventions is really important. There’s nothing as upsetting as telling you, hey there is a bicycle here and there is no bicycle. Or you are tailgating and there is nobody in front of you. So, we spent years making sure that all of detectors, all of our interventions are super accurate. – Stefan HeckIf the system is not accurate, drivers will begin to distrust the system and figure out a way to turn it off. This behavior is common amongst individuals who own vehicles with lane-keep assist. They simply turn it off because it’s inaccurate and annoying. A system that is accurate is a system that works and does it job to help avoid dangers driving scenarios. NAUTO’s system caught the attention of Stellantis, as the company invested with a plan to offer the system in their commercial fleet vehicles. At first the system will use the NAUTO hardware and in the future, the software system will run natively on the vehicles by leveraging the on-board sensors without the NAUTO hardware. In addition to Stellantis, NAUTO has a partnership with Brightdrop where fleets can order can order the system pre-installed directly from the factory today. As robo-taxis scale around the world, the NAUTO system could be used for occupant detection and safety routing applications. As autonomy grows, NAUTO’s market grows. Wrapping up the conversation, Stefan shares his opinion on the future of AI as it relates to mobility.Recorded on Wednesday, July 5, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trevor Crain, Mobility Research and Education Program Manager, Argonne National Laboratory joined Grayson Brulte on The Road to Autonomy podcast to discuss building America’s electric vehicle workforce. The conversation begins with Trevor sharing his thoughts on developing the workforce of the future as society shifts to electrified forms of mobility and how this skill set can transition to other industries. Our team here at Argonne looks at how do we build revolutionary and innovative programs that help all of our workforce program participants be able to address all these different technologies. – Trevor CrainAs the workforce is developed to work on electric vehicles and the infrastructure needed to support EVs, Argonne is working to ensure that students have the skill sets needed to succeed even when the technology or standards change. One of the ways that Argonne is helping students develop the skill set of the future is through the EcoCar Challenge. The EcoCar Challenge is a multi-year program where 15 North American universities teams come together to develop next generation electric vehicle technologies and automation are energy efficient. These teams are getting real-world, hands on experiences.We are taking things out of the research realm and into the actual application realm onboard our real test vehicles. – Trevor CrainBernstein Research is projecting that battery electric vehicles will reach 40% marketshare globally by 2030. If this forecast comes to realization, the workforce development and the skills needed to service these vehicles will has to be accelerated and developed today.One way to potentially accelerate the work force development for EVs is through apprenticeships where students do not take on debt. This is just one of the many options that could be implemented to ensure that the workforce of the future is ready today.Expanding the conversation, Trevor discusses the skill set that students learn as part of the EcoCar Challenge. As part of the challenge, students are encouraged to think from a customer centric approach. Would a consumer want this feature? Would a consumer pay for this feature? Does this feature increase the range of the vehicle?Wrapping up the conversation, Trevor shares his thoughts on electric vehicles.Recorded on Tuesday, June 20, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Lee White, Founder & President, LM White Consulting joined Grayson Brulte on The Road to Autonomy podcast to discuss scaling autonomous trucking operations. The conversation begins with Lee explaining why after a 38-year career at UPS he decided to joined the autonomous trucking industry. In 2018, Lee took his first ride in an SAE Level 4 autonomous truck and it changed the way he looked at trucking forever. I remember standing outside that truck and looking back at it and saying; you know I am never going to be able to look at trucking the same way. – Lee WhiteLee’s insight into how large truck fleets operate is absolutely crucial to scaling revenue generating autonomous trucking operations. As the traditional trucking companies operate on extremely slim margins with tight timeframes for deliveries. For example, J.B. Hunt currently operates at a 6.4% margin, while Werner operates at a 4.8% margin. These margins leave little room for error. Enter, autonomous trucks. Autonomous trucks will enable traditional trucking companies to expand margins and utilize them on routes that benefit their operations the most. While professional drivers handle the other routes. Autonomous trucks and professional truck drivers will not compete for jobs. Instead, they will compliment each other, shore up the supply chain and enable trucking companies to optimize their operations.I don’t ever see an environment where you don’t have drivers. – Lee WhiteThe optimization will come from integrating autonomous trucks, intermodal, dedicated and over-the-road operations. Autonomous trucks at first will be deployed on high-density lanes with repeatable routes. In order for autonomous trucks to scale, there has to be infrastructure — truck terminals. These terminals will most likely be shared, yet there are no standards as it relates to how the infrastructure has to be built to accommodate autonomous trucks to launch and land. Furthering the conversation Grayson and Lee discuss how the autonomous vehicle market compares to the autonomous trucking market from a revenue and total addressable market (TAM) standpoint. Wrapping up the conversation, they discuss if Volvo Autonomous Solutions and Daimler become the Waymo and Cruise of autonomous trucking. Recorded on Friday, May 19, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Charles Eagan, Chief Technology Officer, BlackBerry joined Grayson Brulte on The Road to Autonomy podcast to discuss cyber security for autonomous and electric vehicles.The conversation begins with Charles sharing the current state of the cyber security market as it relates to electric and autonomous vehicles.The more software, the more network connectivity, and the more autonomous behaviors you have along with that comes a reciprocal cyber impact. – Charles EaganAs cars get smarter, the cyber security risks increase.What I am hoping is that cars will become much more secure than cell phones, because we will learn from the computer attacks, the cell phone attacks, the networking attacks and then we can take those best practices and make sure we are applying them. – Charles EaganThe risks increase when the vehicle infrastructure becomes connected. For example, when a consumer plugs their vehicle into charge they are mostly unaware of the cyber risks. Plugging a simple charging cable into an electric vehicle could potentially be a cyber security risk with real-world consequences.The vulnerabilities that exist in today’s Government infrastructure or computer infrastructure, those vulnerabilities will also apply to the EV infrastructure. – Charles EaganThe big challenge becomes how do we make software-defined infrastructure and vehicles secure against cyber attacks from Nation-State actors. Attacking the infrastructure and locking electric vehicles to the charger for example could cause severe economic damage.To help mitigate the risks, we have to audit the software supply-chain and ensure that only the software intended for the vehicle is being used. This becomes critically important as society begins to shift towards over-the-air updates and autonomous vehicles.With a software-defined vehicle comes payments. In the future vehicles, will have a payment layer built into them which allow either the driver or passengers to conduct commerce. To ensure a secure transaction, the payments will have to be secured with identity information.The more connected, and the more vehicles, and the more software, the more monitoring that you need to do. – Charles EaganTo monitor vehicles and the enterprise, Blackberry created CylanceGUARD. Monitoring allows Blackberry on behalf of customers to monitor the behavior of the network and determine if the unexpected happened. If the unexpected happens, Blackberry notifies the proper authorities who implement their action plan.Wrapping up the conversation, Charles shares his insights into how Blackberry is approaching cyber security for autonomous vehicles.Recorded on Monday, May 15, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Matt Markel, President, Spartan Radar joined Grayson Brulte on The Road to Autonomy podcast to discuss how software is enabling the next generation of radar. The conversation begins with Matt discussing the current state of the radar.I think it’s a really interesting time for radar. – Dr. Matt MarkelWhen deploying radar on commercial vehicles, the radar has to be optimized and designed for the use-cases that the commercial vehicle will be undertaking on a regular basis. Today, commercial vehicles are using radar to increase safety and in the future it will be used to enable autonomy. Increasing efficiency by using autonomy is a force multiplier. – Dr. Matt MarkelAutonomy is not a one-size fits all solution. Autonomy will be achieved in a variety of ways with different tech stacks. One of the hottest debates today is the LiDAR vs radar. Breaking the debate down, Matt shares his thoughts and insights, and explains the environmental limitations to each solution. Can autonomous vehicles operate at SAE Level 4 with only camera and radar?Yes, but the real question is what are those conditions? What are those Operational Design Domains? What are those ODDs that this combination can operate in? – Dr. Matt MarkelA camera, radar system that could operate at SAE Level 4 on highways and SAE Level 3 on suburban roads could help to usher in the personally owned autonomous vehicle market. When it comes to robo-taxis operating in dense urban environments, a full stack including LiDAR, camera and radar is the ideal solution due to the complexity of the ODD.One of the key ingredients in the autonomous driving stack is software. Spartan very similarly to Waymo is using software to enhance the performance of radar. One of the key differences between Waymo and Spartan’s approach to radar is that Spartan is making their software available to everyone. We do believe that there is a lot of performance being left on the table with automotive radar today. We can help Tier 1’s unlock that with our software products. – Dr. Matt MarkelSpartan’s approach is being validated with an investment from Microsoft and a partnership with Tier-1 automotive parts supplier — Valeo. Because we are adding software capabilities to these systems, it provides flexibility for the Tier-1. It makes them relevant to multiple OEMS, multiple applications, multiple RFQs without a change in the hardware. – Dr. Matt MarkelWrapping up the conversation, Matt shares his thoughts on how he sees the radar market evolving over the next decade. Recorded on Tuesday, June 6, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ed Walker, Vice President, Shared Economy & Mobility, Hub International joined Grayson Brulte on The Road to Autonomy podcast to discuss how technology and autonomous vehicles are reshaping the insurance industry.The conversation begins with Ed discussing the current state of insurance markets for the gig economy. The current environment is a really broad spectrum of winners and losers. – Ed Walker The current environment is having an impact on the consumer as the average auto insurance liability rate has increased of 10% over the last year. This increase is on top of the industry average of 10% all claims filled in 2022 were fraudulent across all the insurance markets.There are more people on the roads without insurance then there has ever been right now in the United States. Underinsured and uninsured motorist coverage which is not provided in every State has become what used to be a consideration on a renewal to an absolute requirement in my opinion. – Ed Walker While in Ed’s opinion this an absolute requirement, we are starting to see the trend of bring your own insurance for gig economy workers and individuals who subscribe to a vehicle subscription service. In some cases, these individuals are not properly insured which could potentially have negative ramifications on them personally. When you have a bring your own insurance model, what you have is a subscription model where the car is not owned by the customer. However that customer is going to a personal limes agent or a program in order to get the vehicle insured. – Ed Walker The insurance they purchase might not be perfect, but in their minds it’s still insurance and it allows them to drive the vehicle. For those individuals who drive as for a service such as Uber, Lyft, Uber Eats and DoorDash a large portion of their take-home pay goes to insurance premiums. The insurance is costing your operation anywhere between 10 to 40 cents per mile depending on [The] State and the carrier. – Ed Walker With gig economy drivers getting squeezed with rising costs due to inflation and tight insurance markets, the question becomes how long is this model sustainable in it’s current form. The economics of the model today are opening the door to a future where ride-sharing services will be primarily operated with autonomous vehicles. I see autonomous vehicles as our ultimate light at the end of the tunnel if these situations do not improve. – Ed Walker The autonomous vehicle and autonomous truck markets are rapidly evolving as companies scale operations across the United States. As these companies scale their operations, the insurance market underwriting operations will continue to evolve. The more we do it, the better, smarter we get at it. The more carriers can make money at it, the more carriers show up, the more competitive the market gets. – Ed Walker Wrapping up the conversation, Ed shares his thoughts on the future of insurance.Recorded on Thursday, April 27, 2023--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.