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Corporation FDX recently launched an autonomous truck pilot
program in partnership with Aurora
, an autonomous vehicle technology company, and PACCAR, a medium-and-heavy-duty truck manufacturer.As part of the pilot program, effective Sep 22, FedEx’s goods are being hauled between Dallas, TX and Houston, TX, a 500-mile round-trip route, using PACCAR’s trucks equipped with Aurora’s self-driving technology. While the trucks are operating autonomously, there is a backup driver for safety purposes.FedEx’s vice president, advanced technology and innovation, Rebecca Yeung, said, “This is an exciting, industry-first collaboration that will work towards enhancing the logistics industry through safer, more efficient transportation of goods and we are pleased to collaborate with other industry leaders – Aurora and PACCAR – on this endeavor.”FedEx Corporation Price FedEx Corporation price | FedEx Corporation QuoteFedEx’s testing of Aurora’s autonomous trucks can be linked to the strong delivery volumes the company has been seeing due to a rise in e-commerce demand amid the pandemic. Previously, in June, FedEx announced a multi-year, multi-phase agreement with Nuro, an autonomous delivery company, to test self-driving vehicles in its network.Zacks Rank & Key PicksFedEx carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Matson MATX, ArcBest Corporation ARCB and Covenant Logistics Group CVLG, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Matson, ArcBest and Covenant Logistics have rallied more than 43%, 78% and 90% so far this year, respectively.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX): Free Stock Analysis Report Matson, Inc. (MATX): Free Stock Analysis Report ArcBest Corporation (ARCB): Free Stock Analysis Report Covenant Logistics Group, Inc. (CVLG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment ResearchWeiter zum vollständigen Artikel bei "Zacks"