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Photo: Courtesy of Waymo

Waymo, whose driverless minivans are already shuttling a limited number of passengers in suburban Phoenix, will soon begin delivering packages for UPS as part of a new strategic partnership announced this week.

Why it matters: Waymo's ambition is to use the same self-driving technology in its minivans to automate big rigs and delivery trucks like the ones UPS uses every day. This is an important step toward that goal.

Details: In the first phase of their partnership, Waymo's self-driving Chrysler Pacifica minivans (with a trained operator on board) will shuttle packages from UPS stores in the Phoenix area to the UPS sorting facility in Tempe.

  • The goal is to explore faster turnaround times in preparation for on-demand delivery.

Background: Last year, Waymo started using minivans to deliver car parts for AutoNation, a business partner that helps manage the fleet of Pacificas.

What they're saying: Waymo sees four potential markets for its self-driving technology: ride-hailing, long-haul trucking, package delivery and eventually, personally owned vehicles.

  • "Right now the movement of things is a bigger market than the people ride-hailing market," Waymo CEO John Krafcik said in an interview with Axios. "But in 10 years, the movement of people with automated ride hailing will be substantially larger."

Go deeper: Waymo's progress on AVs seems reminiscent of Wright brothers

Go deeper

Scoop: Former OMB director to set up Pro-Trump think tanks

OMB Director Russ Vought parfticipates in a photo-op for the printing of President Donald Trumps budget for Fiscal Year 2020 at the Government Publishing Office in Washington on Thursday, March 7, 2019. (Photo By Bill Clark/CQ Roll Call)

Russ Vought, who led Donald Trump's Office of Management and Budget, plans to announce two pro-Trump organizations Tuesday, aiming to provide the ideological ammunition to sustain Trump's political movement after his departure from the White House.

Why it matters: The Center for American Restoration and an advocacy arm, America Restoration Action, will try to keep cultural issues that animated Trump’s presidency on the public agenda, according to people familiar with the matter.

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.