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.
The partnership between Baidu and Blackberry will help car manufacturers to effectively and efficiently produce safe autonomous vehicles.
Virgin Galactic stock has climbed more than 106% over the past year. These days, the stock is also in the green.
Last year, Evergrande showed off six new electric vehicles under a brand called Hengchi, with the hope of starting production this year.
Ford’s recent restructuring plan and electric vehicle push have brought new optimism among the investors. Besides, analysts are hopeful for a positive Q4 2020 earnings report which has pushed F stock to rally this week.
In their announcement, IAG mentioned that Air Europa currently has 52 aircraft at their disposal, which is16 fewer than the day the deal was initially made.
The partnership announced by Tencent and Geely is expected to be mutually beneficial.
General Motors will work with Microsoft to promote productivity. The partnership will also help to introduce new mobility services to General Motors’ customers.
The Tesla Model Y electric SUV comes in two variants and has been manufactured at Tesla’s local Shanghai gigafactory. The Model Y rollover is part of Tesla’s plan to gain a significant market share in China.
Despite the gloomy EV deliveries in the EU, Wedbush Analyst Dan Ives believes the best days for Tesla are yet ahead and gives the stock a new 12-month price target of $950.
Following all the announcements made at the CES event, General Motors stock rocketed. On Thursday, it hit a new record close, topping $50.
General Motors investors are arguably betting big on the company’s stock as the firm is set to spinoff about five new products beginning from this year.
The Chairman of Foxconn Technology Group stated that the partnership aligns with the company’s visions and reemphasizing the leading position Foxconn holds in today’s technology ecosystem.
General Motors is accelerating the development of all-electric vans produced by its new business unit BrightDrop. On the other hand, the company has also revealed its ambitions to bring flying car taxis into the market.
The shares of Nio are bound to see bigger moves particularly with the firm’s readiness to throw its gauntlet in churning out advanced technologies.
Apple and Hyundai can possibly release a “beta-version” of the car by 2022 and it will go into full-scale mass production by 2024. A Hyundai Motors spokesperson has subtly revealed that the two companies are in talks.