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.
BrightDrop has a reservation count of over 25,000 EV units from large fleet operators, including FedEx and Walmart.
Since January 2022, BYD has continued to record increased sales of vehicles, of which a larger percentage were EVs.
A major highlight of the announcement is the creation of a Digital Twin of the Software Defined Vehicle which will be resident on Google Cloud.
As it stands, there is no specific pricing on the incoming Tesla Cybertruck. The EV maker is yet to reveal its plans to manage the battery supply of the new vehicle or show its production version.
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.
German automaker BMW announced plans to scale up production of US electric vehicles in collaboration with battery manufacturer Envision.
In comparison with other top brands, BYD has garnered a significant stride in the Chinese market, selling as many as 1.18 million cars in the year-to-date period.
Mercedes-Benz stated that the MO360 Data Platform would help in creating a virtual replica of its vehicle manufacturing process.
After the successful IPO, the market valuation of the European automaker soared to about 84 billion euros.
Tesla missed the delivery estimates just by a whisker but it has impacted the stock price in early trading hours on Monday.
With Volkswagen willing to ramp up its electric vehicle and battery efforts, Porsche IPO would help it raise money to invest in its transformation.
Rising EV manufacturer Stellantis has partnered with Uber to make a play for electric vehicle market in France.
The G9 SUV has every potential to outsell even the firm’s most popular product – the P7.
Leapmotor initially projected to raise as much as $1.5 billion for the IPO but later scaled it down