Here's why transportation leaders including Daimler and Volkswagen are pouring billions into R&D for electric trucks (UPS, DMLRY, BUD, OTC, TSLA, FDX, VWAPY, PEP)

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Trucking, which can be perceived as the lifeblood of global economies, has experienced healthy growth in recent years due in part to surging e-commerce shipments. In the US alone, trucking accounted for over $700 billion in revenue, representing a 3.5% increase year-over-year (YoY).

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See Also:

• Daimler could accelerate its autonomous truck goals with its Torc Robotics acquisition
• Uber's Careem buy shows a pivot in international strategy
• THE AI IN TRANSPORTATION REPORT: How automakers can use artificial intelligence to cut costs, open new revenue streams, and adapt to the digital age

SEE ALSO: These are the top 5 startups across digital freight services, warehouse robotics, AI, last-mile delivery robotics, and self-driving cars

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