By The Associated PressWASHINGTON — The trucking industry is facing a tough time with the rise of the driverless vehicle.
But the company that’s going to fix that is also facing some challenges, with its latest quarterly financial report showing its stock price has dropped more than 10 percent since the end of the second quarter.
While the trucking company’s shares have fallen, other companies that do business with it are seeing a bump in stock prices.
Dodge is up 5.3 percent this year to $21.70 a share.
The truck company is up about 14 percent this quarter to $29.70.
And Ford is up 4.7 percent this past quarter to a $23.65 a share price.
The company that does business with Ford is down 7.3 points this year at $32.65.
Both companies have struggled to stay ahead of the market as the U.S. has become increasingly reliant on technology, including self-driving cars.
The driverless trucking boom is bringing new challenges, too, with the growing number of people traveling from one location to another.
The problem, said Robert Balser, managing director at the automotive consulting firm Gartner, is that people are not using traditional methods of delivery.
Driverless trucks are also driving the industry to a new level of risk, Balsers said, because the technology is not yet fully understood.
He said drivers can’t predict how the vehicles will behave in the real world and how the trucks will react when they come to a stop.
He added that the truckers need to have an in-depth understanding of how the technology will perform on the road.
“The problem is we don’t have an understanding of the systems that will be in place,” Balserr said.
Balser said the industry is already dealing with the impact of driverless trucks on drivers.
The average driver in the United States is about 50 years old, according to the National Highway Traffic Safety Administration.
That means the average driver will be 65 when they retire.
The U.K. is home to the most driverless vehicles in the world, with over 500,000 trucks.
But Balseri said the technology hasn’t yet reached its full potential.
He said the cars and trucks are far too complex and are unlikely to be able to be programmed to safely navigate on the roads.
Drivers are getting used to a world where they can control their vehicles remotely, said Paul Rousso, chief operating officer at Kia.
He also said it’s hard to imagine the technology going away, especially with the number of driver-assist features that automakers are developing.
Driving a driverless car would be a lot more fun and exciting than driving a traditional vehicle, he said.
And it would also be much more safe.
Driverless cars don’t need to be equipped with sensors or other safety systems that are used by traditional vehicles.