An automatic guided vehicle (AGV) system for automatically transporting loads along a predetermined path is provided that includes a plurality of magnets distant from one another, wherein at least a portion of the plurality of magnets represent a positioning point, and a plurality of AGVs, wherein at least one of the plurality of AGVs includes a drive assembly and a sensor system configured to determine guidance information. The sensor system includes a circuit board, a two-dimensional array of giant magneto resistive (GMR) sensors along a surface of the circuit board, the GMR sensors configured to detect at least one of the plurality of embedded magnets when the GMR sensors are proximate thereto, and an electromagnetic coil extending around the circuit board and at least a portion of the GMR sensors, the electromagnetic coil configured to polarize the GMR sensors.