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Loblaw (TSX:L) launches Canada’s first fully driverless delivery fleet

Consumer, Technology, Transport
TSX:L
05 October 2022 11:00 (EDT)

Source: Loblaw Companies.

Loblaw (L) and Gatik have launched Canada’s first fully driverless commercial operation.

Gatik is a market leader in autonomous middle-mile logistics. The company focuses on short-haul, B2B logistics for Fortune 500 retailers such as Loblaw’s, Walmart, KBX and Georgia-Pacific. In 2021, it became the first company worldwide to operate fully driverless commercial deliveries on the middle mile, which are now available in Ontario, Texas, Arkansas and Louisiana.

Gatik is now moving select online grocery orders for Loblaw’s with a fleet of multi-temperature autonomous box trucks. The achievement follows more than 150,000 autonomous deliveries with Loblaw Companies with a safety driver on board marked by a 100 per cent safety record.

Loblaw believes the technology will allow it to operate more routes and make more frequent trips, establishing a safer and more sustainable supply chain.

“Working with Gatik, we’ve demonstrated that autonomous driving technology enables supply chain efficiency, moving more orders more frequently for our customers,” stated David Markwell, Loblaw’s Chief Technology and Analytics Officer.

“Canada is the latest market in which we’ve launched our fully driverless service, further validating that the tangible benefits of autonomous delivery are being realized first in B2B short-haul logistics,” added Gautam Narang, Gatik’s Co-Founder and CEO.

Loblaw Companies is Canada’s largest food retailer, with over 2,400 stores operating under 22 regional and market segment banners.

Loblaw (L) is down by 0.87 per cent, trading at $111.63 per share as of 10:33 am EST.


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