Autonomous trucking in Dallas continues to accelerate as Gatik expands commercial operations across the region. When we arrived, we announced that we’ll be creating over 500 new jobs in the Lone Star State by 2025. Since then, commercial interest in our solution has exploded. That figure now looks like a rather conservative estimate.
Gatik continues to expand autonomous trucking in Dallas through strategic partnerships that strengthen the region’s logistics ecosystem in the Lone Star State by 2025; since then, commercial interest in our solution has exploded, and that figure has begun to look like a rather conservative estimate.
This week we announced our latest long-term commercial partnership in Texas with Pitney Bowes .Pitney Bowes provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. This partnership represents a major milestone for autonomous trucking in Dallas.
There are a number of reasons why we’re super excited about this partnership.
Scaling Autonomous Trucking in Dallas Through Strategic Partnerships
Starting in early 2023, our industry-leading class 6 autonomous fleet will transport high-priority shipments across a network of known, repeatable routes. This will accelerate delivery frequency and establish a continuous operational loop across the Pitney Bowes E-commerce logistics network. Over the last few years, we’ve seen intensifying demand across our customer base for autonomous trucks that can operate within urban and semi-urban environments. Our partnership with Pitney Bowes reinforces that demand. It provides another layer of validation for Gatik’s use case, business model, and approach to developing autonomous technology. We’re thrilled to help Pitney Bowes accelerate the transformation of their supply chain by establishing a safe, secure and hyper-responsive autonomous delivery service in the greater-Dallas area, and significantly reduce logistics costs.
Let’s double-click on that last point.
Our autonomous fleet is purpose built for B2B short-haul logistics. We remove a significant portion of cost from the Pitney Bowes logistics equation. We share those benefits back with our customer in the form of year over year discounts, even as inflation continues to drive transportation costs up. By reducing both cost and complexity, we enable Pitney Bowes to better serve their clients. E-commerce sales are rising dramatically. Traditional capacity struggles with asset and driver shortages.
Driving Cost Efficiency and Network Optimization
We will use data collected from each delivery to improve network design and identify additional opportunities for cost savings and service improvements as Pitney Bowes integrates autonomous vehicles across its national ecommerce logistics network. We’re talking about increasing asset utilization and supporting a shift to a more direct, high-frequency transportation network. The result is future-proofing our customer’s logistics operations at scale.
Gatik class 6 autonomous truck leaving Pitney Bowes’ E-Commerce Facility in Dallas, TX
Pitney Bowes is just one of a number of household names we’re partnering with in Texas. Earlier this year we announced our partnership with Georgia-Pacific and KBX to disrupt the class 8 short-haul market, delivering goods to a network of 34 Sam’s Club locations in the Dallas-Fort Worth metroplex. This represents the first time class 6 autonomous box trucks disrupt short-haul logistics networks traditionally involving class 8 trucks. By replacing traditional tractor trailers with autonomous box trucks, Gatik establishes a more responsive and flexible logistics network. This increases the cadence of delivery runs and the flow of goods. It reduces logistics costs and enables near real-time inventory fulfillment.
>This partnership represents a major milestone for autonomous trucking in Dallas and reinforces the region’s position as a leading logistics hub.
Dallas-Fort Worth is internationally recognized as one of the world’s leading logistics centers. It is known for innovation, sophisticated infrastructure, and a highly-skilled workforce. With a dense customer base, a progressive regulatory environment, and an ideal climate, expanding our commercial presence in the Texas ecosystem remains a top priority. We are working with leading names in retail, E-Commerce, and distribution to make this happen.
As autonomous trucking in Dallas continues to scale, Gatik remains focused on delivering safe, reliable and cost-efficient B2B freight solutions.
As autonomous trucking in Dallas continues to scale, Gatik remains focused on safe, reliable, and commercially viable deployments. We still see this as Day 1. Watch this space — there’s a lot more to come.
About Gatik
Gatik is in the business of autonomous freight. The company operates driverless trucks daily for Fortune 50 retailers, grocers and CPG companies, moving freight between distribution centers and stores across Texas, Arizona, Arkansas, and Canada. Gatik has a strong safety record across its operations and is powered by the Gatik Driver™, a scalable, interpretable AI system purpose-built to enable safe, consistent, and high-frequency freight movement. For more information, visit gatik.ai.
Forward-Looking Statements
This news release contains “forward-looking statements” that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Gatik’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets and trends we expect to affect our business. These statements often include words such as “contracted,” “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause Gatik’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including Gatik’s ability to execute on its growth plans, any failure to comply with laws, rules, regulations or business practices that Gatik may become subject to as a result of any expansion of its business resulting from the financing, including Gatik’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized contracted revenue, continue to develop its existing customer base, design and deploy an expanded fleet of trucks on behalf of customers, and diversify and expand into the market for autonomous logistics solutions. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, Gatik disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
The securities described herein have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and were offered and sold in a transaction exempt from registration under the Securities Act. The securities may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
Gatik and the Gatik logo are trademarks of Gatik AI Inc. All other trademarks, service marks, and company names mentioned herein are the property of their respective owners.
Media Contact:
Aarthi Sivaraman
aarthi.sivaraman@gatik.ai
