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 automaker attained a new landmark in September 2022 with its largest IPO in Europe regarding market valuation.
The automaker plans to ramp up battery production for all vehicles and utility-scale energy storage systems.
The push by iMotion to go public via an IPO is not the first for outfits operating within the same industry.
EV makers Lucid, Nikola, and Lordstown saw their stock decline mostly owing to disappointing failures regarding their production figures.
According to the Nio boss, 600 battery-swapping stations will be in urban locations, while the remaining 400 will be set up along highways.
The affected vehicles include certain Model S and Model X released in 2016-2023, as well as 2017–2023 Model 3 and 2020–2023 Model Y.
In January 2023, BYD sold 151,341 vehicles, including 71,338 pure electric vehicles. The company has been ranking first in the sales of pure electric vehicles in China for ten consecutive months.
Earlier this month, Ford reported mixed earnings results for Q4 2022, performing below analysts’ expectations.
Zeekr is making frantic efforts to gain a good market share in the Chinese ecosystem.
Without naming the investors, Canoo said it would sell 50 million new shares, together with warrants that allow the investors to have the option to buy up to an additional 50 million.
Nissan and Renault announced the total remake of the long-lasting relationship last month.
Tesla’s Chinese rival Xpeng announced the launch of its P7 sedan and G9 SUV in Europe following bleak China sales last year.
Those Rivian employees who have lost their job are entitled to 14 weeks of regular pay and health coverage, Rivian-paid COBRA benefits and continuation of mental health and fertility benefits through the end of the year, as well as job placement assistance and Q1 2023 equity vesting.
Ford has reduced its Mustang electric vehicle prices and is driving up production to match Tesla’s announced lead.
Renault and Nissan recently announced that the French automaker would transfer 28.4% of Nissan’s stake into a French trust.