J.B. Hunt Transport Services (JBHT - Free Report) has collaborated with autonomous driving technology developer Waymo to test run autonomous freight transportation in Texas for one of the former’s prominent customers.
The test run to move freight between Houston and Fort Worth in Texas will be conducted on Waymo’s autonomous Class 8 trucking unit, Waymo Via. It will utilize Level 4 autonomous driving technology and will have a licensed driver and software technician to monitor operations. Through the test run, J.B. Hunt will be able to receive data and feedback on customer freight moved autonomously.
The company’s move to test autonomous trucks is prudent, given the persistent scarcity of drivers in the trucking industry. Craig Harper, J.B. Hunt’s chief sustainability officer and executive vice president, stated, "While we believe there will be a need for highly skilled, professional drivers for many years to come, it is important for J.B. Hunt as an industry leader to be involved early in the development of advanced autonomous technologies and driving systems to ensure that their implementation will improve efficiency while enhancing safety."
The collaboration with Waymo Via will help J.B. Hunt get an idea on how autonomous driving technology can be integrated across its fleet to enhance safety and efficiency.
Zacks Rank & Other Key Picks
J.B. Hunt carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the Zacks Transportation - Truck industry are Covenant Logistics Group (CVLG - Free Report) , Landstar System (LSTR - Free Report) and USA Truck , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Covenant Logistics, Landstar and USA Truck have rallied more than 79%, 48% and 100% in a year’s time, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
J.B. Hunt Transport Services (JBHT - Free Report) has collaborated with autonomous driving technology developer Waymo to test run autonomous freight transportation in Texas for one of the former’s prominent customers.
The test run to move freight between Houston and Fort Worth in Texas will be conducted on Waymo’s autonomous Class 8 trucking unit, Waymo Via. It will utilize Level 4 autonomous driving technology and will have a licensed driver and software technician to monitor operations. Through the test run, J.B. Hunt will be able to receive data and feedback on customer freight moved autonomously.
The company’s move to test autonomous trucks is prudent, given the persistent scarcity of drivers in the trucking industry. Craig Harper, J.B. Hunt’s chief sustainability officer and executive vice president, stated, "While we believe there will be a need for highly skilled, professional drivers for many years to come, it is important for J.B. Hunt as an industry leader to be involved early in the development of advanced autonomous technologies and driving systems to ensure that their implementation will improve efficiency while enhancing safety."
The collaboration with Waymo Via will help J.B. Hunt get an idea on how autonomous driving technology can be integrated across its fleet to enhance safety and efficiency.
Zacks Rank & Other Key Picks
J.B. Hunt carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the Zacks Transportation - Truck industry are Covenant Logistics Group (CVLG - Free Report) , Landstar System (LSTR - Free Report) and USA Truck , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Covenant Logistics, Landstar and USA Truck have rallied more than 79%, 48% and 100% in a year’s time, respectively.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on JBHT - FREE
Get the latest research report on LSTR - FREE
Get the latest research report on CVLG - FREE