FedEx to make ‘an enormous effort’ towards autonomous trucks in June, CEO tells CNBC

• FedEx to deploy autonomous trucks on the highway, not in city

• It started testing level 4 autonomous delivery trucks in China last October

FedEx Corp’s (NYSE: FDX) retiring chief executive, Fred Smith on Tuesday, said the parcel delivery company will take some big steps in its autonomous vehicle efforts this summer.

“You’ll see in late June an enormous effort towards autonomous trucks that move over the highway. Not in the city, where we think our drivers are better for the pickup and delivery of the long-distance vehicles,” Smith said in an interview with CNBC.