This well may be a time of change for coins.
Some upset economy is moving toward being cashless
They gather unloved in jars and under cushions, unearthed only when laundry needs doing. They rattle in coat pockets, music to some ears and a nuisance to others. They sink into fountains and lurk in wells, a fortune in wishes but a nightmare to sort and count. Coins are everywhere until they’re nowhere, and at the moment they’re hard to find. By upending normal habits, the pandemic has dropped them out of circulation and accelerated a trend toward cards, apps and other cashless payments that eventually could make coins obsolete.
China has plans for a digital currency, and the U.S. Federal Reserve is doing “research and experimentation.” Facebook has a currency in the works, and Bitcoin’s evangelists still are preaching. Millions of Americans are skipping right over coins by paying with their phones — or shopping on them.
“There’s a battle for the future of money going on,” said Alex Tapscott, a co-founder
ware knows what’s happening up to 3,000 feet up the road, and can react to emergencies 10 times faster than a typical human.
For now, Tumobile is operating the self-driving trucks with a safety operator in the driver seat who can take the controls if needed, and a test engineer in the passenger seat to monitor the onboard cybersystem.
However, the company plans to begin operating its trucks with no human in the cab possibly as early as next year on selected routes — including routes in Texas.
Are they legal?
Driverless cars already are legal on Texas roads. In 2017, the Legislature passed a law authored by Sen. Kelly Hancock, R-north Richland Hills, that allows automated motor vehicles to use state highways, as long as the vehicles are insured and equipped with video recording equipment.
Tusimple already is running self-driving trucks from Arizona to West Texas, and the new Fort Worth hub will help the company extend its network to Austin, San Antonio and Houston. The company aims to have its nationwide network in place by 2023.
The company will be building its Fort Worth logistics hub on Ea
gle Parkway, inside the so-called Mobility Innovation Zone near Alliance Airport. The zone was created last year as a place for shipping companies to test, scale and commercialize their latest technologies.
Bell, BNSF and Deloitte are among the companies doing work in the zone, which provides easy access to Interstate 35Wand other highways, the BNSF Intermodal Yard and the aviation hub at Alliance Airport.
Tusimple also is backedbyups, another shipping company with a ground hub at Alliancetexas.
“Tusimple is building the world’s first autonomous freight network and an important part of our strategy is to secure suitable locations for our terminals, and themobility Innovationzone is exactly what we were looking for,” Lee White, Tusimple vice president of strategy, said in an email.
Movement of goods
Generally, the idea behind TuSimple’s version of freight movement is to get goods from ports — including goods that often arrive at seaports such as those in the Los Angeles area and then are shipped to Texas by rail — to re
gional distribution centers across the U.S.
Construction on Tusimple’s Alliance hub is underway and expected to be completed by March. The logistics center will include autonomous truck operations, service bays and office space.
“Tusimple is the perfect partner for Hillwood in our efforts to accelerate innovative mobility technologies within the MIZ,” said Ross Perot, Jr., chairman of Hillwood, the company that is developing and managing Alliancetexas.
“As the industry leader in the deployment of autonomous longhaul truck routes, Tusimple brings this technology to AllianceTexas today, ensuring the MIZ will be a global focal point in the commercialization of next generation logistics solutions,” Perot said.
Transportation and logistics is a $1.8 trillion business, said Russell Laughlin, Hillwood executive vice president. Companies that specialize in moving goods across the country are working fiercely to bring down shipping costs by reducing inefficiencies in the system, and they believe automated trucks will be a crucial part of their success, he said.
The pandemic has exposed some of those inefficiencies, as companies such as Amazon and Walmart have at times struggled to meet customers’ demands to have goods shipped directly to their homes — making the improvement of the freight network an even more pressing matter.
The Mobility Innovation Zone makes Fort Worth a more attractive destination for venture capitalists to invest their money in projects such as Tusimple’s expansion. And, Laughlin said, the zone can set the stage for Fort Worth to become a hotbed for higher-paying high-tech jobs.
“We have the highways. We have an airport and we have a massive logistics cluster (and) an inland port,” Laughlin said. “This doesn’t exist anywhere else in the world.”