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If trucks drive themselves, what will happen to long-distance drivers?

Self-driving cars and an announcement is here this week.

Musk is set to take center stage in California to host Robotaxi Day. The long-awaited event is meant to offer insight into the electric-vehicle maker's pitch that it is a tech company first and a car company second.

What will become of long-distance drivers?

Actually, self-driving cars should have been part of the street scene for a long time, at least according to X’s CEO Elon Musk's forecasts.

In 2015, the Tesla founder predicted that two years later, fully autonomous cars would be driving around.

Not so fast.

Since then, he has adjusted the forecast year after year. Musk recently said that 2023 will finally be the day, but that came and went.

But it's not just Musk who has butchered it when it comes to self-driving cars. Many car producers have announced autonomous cars every year, and investors are chomping at the bit to find out something meaningful.

Many questions remain unanswered, and I do believe Musk could deliver something underwhelming at robotaxi day. At the end of the day, there is a lot of hype attached to Musk, and every press conference doesn’t deliver.

No wonder because the technical and social challenges involved in getting fully autonomous cars on the road are enormous.

Then there is the legislation of it – can an industry that is tilted towards benefitting Elon Musk really expect any Democratic legislation that is positive?

The consensus is that anything he will try to do will need a Republican president since he has burnt the bridge with the radical left.

What about the technical level?

What happens in unforeseen traffic situations? What if the human has to take the wheel, but his driving skills have long since atrophied? What do autonomous vehicles mean for traffic and urban planning? Who is liable in case of accidents?

Is "platooning" revolutionizing the forwarding business?

In the short term, there are traffic situations that are manageable in their complexity and in which autonomous vehicles could definitely play an important role in the future.

For example, experiments with automated truck convoys have long been carried out on freeways and highways. In this so-called "platooning," several trucks drive behind one another, with only the first vehicle in the column having to be driven by a person.

"Platooning" is intended to save fuel since the vehicles' slipstream can be used more efficiently. But there is also the suspicion that staff could also be saved because fewer long-distance drivers are needed.

In the U.S., the truck driver is the most common occupation in 26 out of 50 US states. There is a 67% chance of it disappearing completely in the next twenty years because artificial intelligent solutions will deliver us a timely way to replace the driver.

The economist John Maynard Keynes predicted in 1930 that by 2030, we would only be working 15 hours a week. In an essay entitled "Economic Possibilities for our Grandchildren, " the Brit didn’t consider that these gains would be pocketed by corporations and not the people.

It’s highly possible that within 10 years, humans won’t be driving groceries or other goods across states, and this function will be replaced by an algorithm. If not that, then products will be platooned to a destination headed by one driver followed by a herd of self-driving trucks behind him or her.

Some of the winners of this A.I. revolution will be public trucking names such as Old Dominion Freight Line (ODFL), Covenant Logistics Group (CVLG), Arcbest (ARCB), Universal Logistics Holdings (ULH), Schneider National (SNDR), Werner Enterprises (WERN).

This week could be a “sell the news” event for Tesla stock.