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.
Ford refused to add any additional details about its electric vehicle as its official public reveal is set to happen today at 9:30 p.m. EDT.
A 27% decline in sales within a month shows a decreasing demand for Tesla products in China amid increased competition from local electric vehicle companies.
Before now, Blue Origin had tested the rocket and capsule fifteen times. The test flights were conducted without passengers on board.
Initially, Tesla was planning to launch the production at Berlin Gigafactory in July 2021. However, now, because of battery issues and regulatory challenges, another date is set.
The artificial intelligence network for blockchains will join hands with an extensive automotive ecosystem Catena-X comprising some of the biggest industry participants.
The Toyota’s Woven Planet acquisition of Lyft’s Level is billed to save the latter firm $100 million of operating expense.
In its Q1 2021 results, Tesla stated that it has liquidated 10% of its total holdings in Bitcoin netting a positive income of $101 million. The company also revealed good delivery numbers while addressing issues with semiconductor and hardware supplies.
For SpaceX, the Crew-2 mission is the second of the six missions the company has previously highlighted.
Hyundai Motor Company is planning to mass-produce Electric Vehicles (EV) by developing solid-state batteries to implement this plan.
Earlier this week, Branson sold 5,584,000 shares of his company between April 12 and 14. According to SEC filing, the shares were worth approximately $150.3 million.
While a lot of automakers are making their debut in the green electric vehicle space, the aim of Daimler is to snatch a sizeable market share from Tesla that is a market leader.
Citing massive demand for its popular models, Tesla has updated the prices for its Model 3 and Model Y. However, the immediate concern in short term is that it has very little inventory at this point.
BYD was set up in 2003 and caught American billionaire Warren Buffett’s eye in 2008. Through Berkshire Hathaway, he reportedly has a 25% stake in the Hong Kong-listed company.
General Motors (GM) shares rallied approximately 190% in the past twelve months, and are now up around 48% year-to-date.
With stellar results for the first quarter of this year, analysts have turned bullish and upgraded the Tesla stock price expecting returns of 40-60% by the end of this year.