Boeing Q4 2022 Results Reveal Quarterly Loss Brought About by Labor & Supply Headwinds
By Tolu Ajiboye
Despite seeing a surge in product demand for Q4 2022, Boeing sustained a gigantic $663 million loss due to macroeconomic constraints.
Transportation News
Explore the key news from transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, etc 
Rocket Lab Stock Up 4% after Launching First Space Mission on US Soil
Rocket Lab has started the year on a very promising pedestal.
Didi Gets Greenlight to Relaunch in China after 18-Month Suspension
Before the relaunch of user registration, existing users of the Didi app used it as long as they had it on their phones.
Tesla Slashes Its Car Prices in US and Europe
This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world.
Suzuki Motor Unveils Electric SUV Concept eVX
The company displays a range of eco-friendly products, emphasizing its vision of committing to “bring new products, technologies, investments and set up new facilities in India.”
Tesla to Spend Over $770M on Texas Plant Expansion for Battery Cells and Manufacturing
By Tolu Ajiboye
EV maker Tesla has applied with the state of Texas regarding the expansion of its Austin-based gigafactory to accommodate more operations.
Rolls-Royce 2022 Sales Surge to 118-Year Record High
By Tolu Ajiboye
Sales of Rolls-Royce luxury cars for 2022 surpassed 6,000 units, trumping 2021’s commendable feat of 5,586.
Tesla Decides to Cut Price for Model 3 and Y in China for Second Time in 3 Months
The price reductions became necessitated when Tesla recorded a very low delivery count in December last year, the lowest in more than 5 months.
BMW Unveils iVision DEE Prototype with Production Expected in 2025
The Digital Emotional Experience will bring virtual reality to BMW, which will display an array of important details on the windshield.
Ford Doubles EV 2022 Sales and Becomes Second EV Maker in US behind Tesla
By Darya Rudz
Ford increased its EV sales by 126% in 2022. Notably, its December sales were up as much as 223%, compared to December 2021. Currently, it is chasing Tesla to become the top EV producer in the US.
Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
Logistics news
Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.
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