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 new $5.3 billion valuation is a significant increase from the $3 billion reported by Pony.ai in February.
At present, NIO stock is one of the highest Wall Street targets with the average Buy rating. Year-to-date, NIO shares are 838.06% up. NIO market cap is $48.36 billion.
Tesla CEO Elon Musk recalls the moment when the odds were against him and how they managed to pull Tesla from bankruptcy and helped it to become the most-valued automobile company on earth.
All Ford factory workers and dealers have expressed with the new management in place that focuses on transparency and better performance efficiency. Streamlining the supply chain and cost reduction are key focus areas for the automobile giant.
In a bid to bolster its stocks’ future, Tesla is aiming to venture into the market of Europe.
Zhejiang Geely Holding Group Co Ltd intends to construct a factory that will be used in the manufacturing of premium Polestar marque.
The Edition 1 model of GM electric Hummer pickup will be available in fall 2021. Its price starts at $112,595. The reservation for the truck is already full.
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.
The Hummer EV will widen the scope of revenue collection and dependency, thus cushioning General Motors stocks from future crashes.
For the 4G project, Nokia Bell Labs received a $14.1 million grant from NASA. It is also collaborating with Texas-based Intuitive Machines that NASA has chosen to build a small “hopper lander”.
This year, Tesla plans to produce as many as 150,000 Model 3 at its Shanghai facility. Currently, Tesla makes around 11,000 units per month.
All eyes are on America’s Federal Aviation Administration for the approval of the certification to resume the Boeing 737 Max services. The approval is likely to arrive by mid-November as per previous estimates. Passengers flying with the 737 Max will also be informed priorly when the services resume.
The MIH Open Platform from Foxconn will further be relevant for a future upgrade of any auto part, offering what is described as a ‘Modular’ uniqueness.
A new set of COVID-19 restrictions will strain Ryanair (RYA) as well as other airline companies globally.
Tesla revealed its readiness to do everything to continue offering favorable car pricing and introducing price slashes when necessary.