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.
Virgin Galactic revealed that it plans to conduct four-hour test flights of the spacecraft’s carrier aircraft WhiteKnightTwo scheduled for October 1 and October 7.
Already in November 2019, Elon Musk revealed that the Tesla gigafactory will be in the “Berlin area” and will be specifically located very close to the city’s new airport.
Xpeng (XPEV) stock price jumped over 41% at the end of the first trading day and is up 7.59% in the pre-market today.
Earlier in August, SpaceX revealed in its SEC filing that it had raised $1.9 billion in what appears to be the company’s biggest fundraising in its 18 years of existence, bringing the firm’s total valuation to $49 billion.
American Airlines will fly less than 50% of its normal schedule in the fourth quarter. International flights will be reduced to only 25% of last-year levels.
The partnership proposed by Aave’s Kulechov to tokenize Tesla cars must have been drawn from the determination to get a rub off on TSLA meteoric growth.
China-based electric automaker Nio has demonstrated enormous growth this year. Tesla rival plans to expand into global markets in 2021.
Tesla (TSLA) stock fell 0.45% on Wednesday but still outperforms its market peers including Ford Motors (F) and General Motors (GM).
The funding comes at a time when SpaceX focuses on building out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020.
Dan Ives from Wedbush raised his price target for Tesla to $1,900 from $1,800. Today TSLA stock is in the green today.
General Motors Co. (NYSE: GM) on Thursday unveiled its all-electric Cadillac Lyriq which is expected to be in the US showrooms by 2022. The company says the Cadillac Lyriq will compete with existing EV brands in the market.
Embattled German airline Deutsche Lufthansa AG reported a Q2 earnings loss of EUR 1.5 billion. LHA stock is up today.
Nio stock price is rising. Deliveries in July have reached record highs. The Chinese company may become a serious competitor to Elon Musk’s Tesla.
Virgin Galactic puts a major focus on the future of supersonic aircraft travel as it unveils a new high-speed Mach 3 design concept in partnership with Rolls-Royce. SPCE stock is down today in the pre-market.
Amid the Q2 reporting season, Nikola stock rose by as much as 21.63% to close at $36.49. After hours, Nikola stock slightly declined by 1.21%, but in the pre-market today, it is 0.49% up, $36.67 per share.