April 7, 2017
By: Bob Tita
(The Wall Street Journal) Software firm Peloton Technology has raised $60 million in a second round of funding for its work automating commercial truck fleets. Peloton's system allows two trucks traveling front-to-back to be controlled by a driver in the front vehicle. Trailing the lead vehicle by as little as 30 feet, the second truck uses about 10% less fuel because of reduced wind resistance from the lead truck, Peloton says.
Peloton and its competitors in the race to automate driving are facing skeptical regulators and trucking-fleet owners who worry how safe and reliable the technology will be. Chief Executive Josh Switkes said Wednesday Peloton's system will make less mistakes than a human truck driver. "It can bring real value in safety and fuel savings and both of those bring operational savings to the truck fleets," Mr. Switkes said...
Read More At The Wall Street Journal:https://www.wsj.com/articles/self-driving-truck-firm-raises-60-million-1491488715