Torc Expands with New Autonomous Hub in Dallas-Fort Worth
Portfolio | Jan 07, 2025 | Hillwood Development Co LLC
Torc Robotics, a subsidiary of Daimler Truck AG, has signed a lease agreement to establish a new autonomous truck hub in Hillwood's AllianceTexas development within the Dallas-Fort Worth area. This strategic expansion aims to facilitate the testing, customer freight piloting, and commercialization of Torc's autonomous driving technology, scheduled for 2027. The Dallas-Fort Worth site offers operational advantages due to its location on Interstate 35, a major freight route. The hub will include a customer experience center, control centers for fleet management, and 22,000 square feet of office space on a 17-acre facility. The facility will be developed over 2025 to meet autonomous vehicle standards. Co-location with the largest U.S. port of entry, Laredo, provides substantial growth opportunities. Peter Vaughan Schmidt and Andrew Culhane, CEO and Chief Commercial Officer of Torc, emphasize the significant advances and future possibilities this hub presents. The move underscores the innovation-driven ethos of Hillwood's AllianceTexas. Plans for workforce expansion in Ann Arbor, Michigan, also reflect Torc's commitment to autonomous technology advancement.
Sectors
- Autonomous Vehicles
- Logistics and Transportation
- Real Estate Development
Geography
- United States – The main geographic focus, where Torc is expanding its autonomous trucking hub and enhancing its operational outreach.
- Texas – Specifically, the Dallas-Fort Worth metro area is the location of Torc's new autonomous truck hub, chosen for its strategic positioning.
- Michigan – Ann Arbor, MI, is noted for workforce expansion, leveraging its automotive and technological expertise.
Industry
- Autonomous Vehicles – The development and deployment of self-driving vehicle technology, as demonstrated by Torc's efforts in commercializing autonomous trucks.
- Logistics and Transportation – The sector concerned with the movement of goods, highlighted by Torc's focus on long-haul autonomous trucking and freight route optimization.
- Real Estate Development – Relevant due to Hillwood's role in providing the AllianceTexas location, a significant development that supports industrial growth and innovation.
Financials
- $320B – The total trade volume facilitated by the largest U.S. port of entry, Laredo, highlighting the strategic significance of Torc's new hub.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Torc Robotics | Target Company | Company | An autonomous vehicle technology company and subsidiary of Daimler Truck AG, focused on developing self-driving trucks. |
| Hillwood Development Co LLC | Leaser and Development Partner | Company | A real estate development company behind the AllianceTexas project, facilitating innovation and industry growth. |
| Daimler Truck AG | Parent Company | Company | The parent company of Torc Robotics, a leading global player in the trucking industry. |