Electric Vehicle Battery Pack Costs in 2022 Are Nearly 90% Lower than in 2008
Planned Battery Plant Capacity in North America by 2030
TRAC Intermodal establishes a partnership with startup incubator ZEBOX; OminiTRAX subsidiary NSR of northern Ohio gets a battery-electric locomotive; and Missouri-based Jaguar starts operations in St. Louis.
Adjusted earnings per diluted share increases 20.4% to $1.18.
The company, which seeks to create autonomous battery-electric rail vehicles, will use the funding to support a 29-month advanced testing program of its technology.
Wabtec and Progress Rail selected as suppliers
“We’re not looking to replace trains. We’re looking to augment trains with a system that is trying to be competitive as an alternative to trucks,” said Matt Soule, co-founder and CEO at Parallel Systems.
“We founded Parallel to allow railroads to open new markets, increase infrastructure utilization and improve service to accelerate freight decarbonization,” said Matt Soule, co-founder and CEO at Parallel Systems.
Here’s a look at whether deploying electric trucks makes sense for your company.
BNSF and Wabtec conduct advanced tests on a battery-electric locomotive by putting it in service in California with two Tier 4 diesel locomotives.
