Outrider Gets $53 Million to Automate Truck Yards

Technology company Outrider closed out an early stage of financing with $53 million to automate truck yards, the company announced Feb. 19.

The Golden, Colo.-based company also announced the initial pilot deployment of its autonomous system.

Outrider CEO Andrew Smith explained the decision to focus on distribution yards stems from how important yet inefficient they are. He also sees them as potentially unsafe environments for the people that work in them.

“The issue is the majority of these yard operations are almost entirely manual and highly inefficient,” Smith told Transport Topics. “This means there is congestion when over-the-road trucks are coming to drop off trailers or containers into a yard. There are misplaced trailers that can cause all sorts of issues within the supply chain. Equipment gets damaged.”

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