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.
Tesla (TSLA) stock is said to be too expensive, but it is up today again. With the company’s growth model, its shares may go more bullish
Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing.
Panasonic announces plans to boost the energy density of the battery cells it supplies to Tesla by 20 percent in five years. TSLA stock is 0.15% down to trade around $1,496 at the time of reporting.
Tesla (TSLA) stock price dropped yesterday by 4.10% to close the day at $1476.49. However, the stock is up today. The fall is attributed to a downgrade call by Bernstein analyst Toni Sacconaghi.
As Tesla announced gains in its second-quarter earnings report, the EV company also hopes to add two new models after the Cybertruck. TSLA stock is up today.
For the reported Q1, the Ryanair revenue dropped by 95%. RYA stock lost over 8% after the statement was published.
Space Exploration Technologies SpaceX is set to raise $1 billion in a private N-series funding round. With the funds, the firm will be at an advantage to bolster its operational funding gap
After earlier predicting a bear target price for Tesla, Brian Johnson recently made more negative comments on the company’s stock and sales. TSLA stock is up today.
Following strong Q2 2020 report, Tesla stock rose. TSLA closed at $1,592.33 per share yesterday and added 4.06% to $1,657.00 after-hours.
Boeing (BA) stock is in the red after indications emerged that the 737 MAX may not carry passengers again any time soon.
Despite the slowdown caused by the novel Coronavirus pandemic, Gett managed to secure $100 million funding and plans to use it to expand its business travel services that have seen a good surge even during these times.
Wall Street investors are closely waiting for Tesla Q2 2020 results that may boost TSLA inclusion in the S&P 500. The company has already set the expectations high by announcing 30% more vehicle deliveries in Q2.
With the Mustang Mach-E 1400 expected to debut in the NASCAR race soon, Ford Motor will look to solidify its position. F stock price is growing.
Chinese electric car company Xpeng Motors began delivering its P7 sedan model last month, which is almost similar to Tesla Model 3.
Volvo said that the COVID-19 outbreak has severely disrupted the company’s production output and supply chain. However, the company’s overall business with trucks, buses, engines, and construction equipment remained overall profitable.