China-based autonomous driving technology start-up, Tianjin TSINTEL Technology, has successfully secured $15.15 million in a Round A fundraising spearheaded by the CMG Innovation Investment Management Co., Yicai Global reports.
On Monday Uber announced its agreement to purchase 24,000 self-driving Volvo XC90 SUVs for $1.4B, accelerating the auto industry’s shift to shared, autonomous transportation-as-a-service.
The future of transportation is not found in Silicon Valley or Detroit. Singapore will lead the next century of transportation innovation.
Wabco’s acquisition of the remaining 50% ownership stake Meritor held in the Meritor Wabco joint venture, which began 27 years ago, a few weeks ago is one of the steps Wabco is taking to ensure its continued growth and positioning for the future.
Artificial intelligence (AI) is creating both hope and fear in the transportation industry; hope for the wealth of efficiency, cost savings, and safety improvement that AI promises, and fear that the ever-changing job market that accompanies the AI movement may put the careers of thousands in the transportation industry in jeopardy.
Brad Jacobs sits down with Jim Cramer and talks trucking, XPO, and the state of the economy. He makes a provocative prediction that will turn some heads that we could see fully autonomous trucks in less than a decade.
The U.S. House passed driverless car legislation on Wednesday, but the bill does not address commercial trucks and the likelihood of trucks being included is uncertain at this point.
U.S. Transportation Secretary Elaine Chao is expected to unveil self-driving vehicle guidelines next weekat an event in Ann Arbor, Michigan, Reuters reported.
According to an internal company email obtained by Reuters, Tesla has spoken with the Nevada Department of Motor Vehicles about testing autonomous electric trucks with no driver in the cab on Nevada roadways.
