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Outrider automates truck yard operations with autonomous electric yard trucks that move trailers between docks and staging areas at distribution centers without human drivers.
Outrider is an autonomous yard truck company founded in 2017 in Golden, Colorado that has raised $100M to automate the trailer movement operations in the yards of distribution centers, warehouses, and manufacturing facilities. The company's autonomous electric yard trucks navigate facility yards using lidar, cameras, and GPS to hitch to and move trailers between dock doors, staging areas, and parking spots without a human driver. Yard operations are a significant labor bottleneck and safety concern at large distribution centers where driving conditions are challenging and accidents are common. Outrider's system integrates with warehouse management systems and dock scheduling software to optimize trailer movements in real time. The company has deployed commercial systems at Fortune 500 distribution centers and built partnerships with major trailer manufacturers. Outrider focuses exclusively on the controlled private yard environment rather than public roads, allowing faster commercial deployment than highway autonomy programs. The company differentiates from Phantom Auto and other yard automation approaches through its full-stack autonomous system that requires no remote human operators for routine moves.
Columbus IN power technology (NYSE: CMI) at record $34.1B 2024 revenue, net income $3.9B; diesel + hydrogen + electric power solutions, Jennifer Rumsey first female CEO, Accelera EV segment competing with Caterpillar.
Cummins Inc. is a Columbus, Indiana-based power technology manufacturer — publicly traded on the New York Stock Exchange (NYSE: CMI) as an S&P 500 Industrials component — designing, manufacturing, and distributing diesel, natural gas, electrified power, and hydrogen power solutions for commercial trucks, buses, construction and mining equipment, generators, rail, and marine applications through approximately 73,000 employees in 190 countries and territories. In fiscal year 2024, Cummins reported record full-year revenues of $34.1 billion (flat versus 2023), record net income of $3.9 billion ($28.37 diluted EPS), and record EBITDA of $6.3 billion — an exceptional performance given a significant decline in heavy-duty truck build rates in North America, demonstrating the benefit of geographic diversification and product breadth across power segments. Results included gains from the 2023 separation of Atmus Filtration Technologies (NYSE: ATMU) as an independent public company. CEO Jennifer Rumsey — the first female CEO of a major engine company in US history, who assumed leadership in 2022 — leads Cummins' strategic evolution through its Destination Zero strategy: achieving near-zero carbon emissions from Cummins products by 2050 through a portfolio of diesel, natural gas, hydrogen internal combustion engine, hydrogen fuel cell, and battery electric power solutions that allows customers to decarbonize at their own pace based on fuel availability, infrastructure, and economics. Cummins' Accelera (electrification) business unit develops battery systems, fuel cell modules, and e-axles for the zero-emission commercial vehicle transition.
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