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Stock impact report

Gatik plans AV expansion in Canada [Yahoo! Finance]

Aurora Innovation, Inc. - Class A (AUR) 
Company Research Source: Yahoo! Finance
Dive Brief: Gatik and Loblaw Cos. will expand their autonomous truck operations in the Toronto area, putting 20 AVs in place this year and 30 by the end of 2026, according to a Sept. 23 news release The partnership for the retailer's distribution network will ultimately deliver food and household items, the release said. The Class 6 trucks will operate 12 hours per day, seven days per week, a spokesperson on behalf of Gatik told Trucking Dive in an email. “It's the first time a major retailer has transitioned from pilot to commercial scale with autonomous trucks,” Gautam Narang, CEO and co-founder of Gatik, said in the news release. Dive Insight: The two companies began delivering freight in the Toronto area in 2020 and later removed drivers, the companies shared in 2022 That earlier effort entailed trucks delivering goods to five retails locations and the Loblaw headquarters, but the expansion will service 300 retail locations across nine municipalities: Burlington, Oakv Show less Read more
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