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.
Unlike the competing flying car startups operating today, HT Aero is focused on consumer or passenger flying cars, and not just on those for the business sector.
Evergrande’s auto arm said its electric vehicle suppliers were experiencing some delays. In addition, the unit also revealed that it suspended some projects across the group, and is looking for new investors.
Despite the pushback with the local authorities regarding its Berlin gigafactory, Brandenburg’s economy minister said Tesla has a 95% chance of obtaining the factory approval.
General Motors has a robust plan to scale its EV production before 2023 while looking at the long-term plan of producing an all-EV fleet by 2035.
The proposed IPO plan by Volvo is arguably one of its long list of strategic goals to power the capital injection that will fuel its switch to electric car production in the coming years.
Elon Musk is currently looking to reform his electric car empire with plans to move the headquarters from Palo Alto, California, to Austin, Texas.
Following the SPAC merger, the current investors in the Swedish Polestar outfit will roll their investments in the new company and retain as much as 94% of the combined entity.
The collapse of the electric vehicle unit spells many problems for the parent company.
Elon Musk has consistently compared China to the United States ever since his company set up shop there. He believes China could someday flip the technological development of the US.
Tesla sparks excitement with the release of its FSD Beta software but only for drivers with good “safety score”. However, regulators aren’t quite satisfied with Tesla’s approach.
The recent SpaceX flight launched four private persons including one billionaire, setting a few new space travel records.
While there have been different anticipations for Volvo valuations, at $20 billion, the company’s valuations will be at six times its earnings.
Walmart hopes to use Ford and Argo technology to launch these self-driving vehicles for online delivery in Miami, Washington DC, and Austin.
Following the prior testing, Rivian announced the official EPA range for its R1T Large Pack is 314 miles whilst its R1S Large Pack is 316 miles.
Zhao, DeepRoute.ai’s chief exec, was quoted saying that his firm is spending a big share of their money for developing the driverless technology, poaching new talent, and increasing the company’s robotaxis fleet.