Truck maker Navistar International Corp. has bought a minority stake in TuSimple and aims to co-develop self-driving trucks by 2024 with the technology company as it rolls out a national U.S. autonomous freight network, the two companies said Wednesday.
Self-driving technology for freight trucks has attracted investor attention as it should be easier and cheaper to roll out than in self-driving cars and autonomous taxis, while providing a clearer path to profitability.
Unlike self-driving cars and robotaxis, self-driving freight services run on fixed routes between predefined points -- almost all of that on major highways with no intersections or pedestrians. That business is more predictable and requires less mapping than driving customers between random points.
Navistar and TuSimple did not disclose the size of the stake. TuSimple recently announced it was launching a self-driving truck network with United Parcel Service Inc., trucking firm US Xpress E…