Lyft value falls; Europe’s air cargo traffic is on a decline; Ford’s CEO says that fully autonomous cars will not be a reality in the near future.
The pending IPO comes as many experts are questioning the profitability of the ride-share model.
People in the Great Plains just can’t catch a break. After a “bomb cyclone” in mid-March slammed parts of Colorado, the Dakotas and Nebraska with heavy snow and destructive record-breaking winds – knocking out electricity to hundreds of thousands of customers – another storm is on the way this week. For an April storm, it may become historic for some places.
The industry’s hottest conference will only get hotter.
The momentum is strongest in developing countries, where concerns about pollution and traffic congestion are mounting.
Human Rights Campaign survey shows most, least LGBTQ-friendly companies
The program will help Lyft reel in more customers, as well as compete with arch-nemesis Uber as that company ramps up investments in tech transport services and prepares for its own public offering.
Big Apple’s traffic is rotten to the core thanks to rise of on-demand economy; congestion pricing may be cure, but uncertainties abound.
The momentum is strongest in developing countries, where concerns about pollution and traffic congestion are mounting.
Exceeding expectations, the ride-hailing start-up Lyft raised $2.3 billion on March 28, after pricing its shares at $72, the top of its pricing range.
China ramps up its pork import from the U.S.; Lyft is all set for its IPO; Saudi Arabia looks to push oil prices to over $70 per barrel.
Uber has confirmed speculations of its acquisition of Middle East on-demand cab hailing company Careem, with the company now becoming a wholly owned subsidiary of Uber. The transaction is expected to be completed by Q1 2020.
Ohio raises diesel and gasoline taxes; YRC’s rank and file get their hands on a new collective bargaining agreement; Uber’s IPO approaches; warehouse automation growing rapidly; Vietnam’s logistics growing 14-16% CAGR.
Uber is in talks with Middle Eastern on-demand cab hailing rival Careem for an acquisition deal that is expected to be made public this week.
Kargo Technologies is an online freight logistics marketplace that connects commercial shippers with truckers across Indonesia.
Uber and Waymo are admitting they don’t want to commit the resources necessary for autonomous tech to be commercially viable.
Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.
Recently uncovered case files from the Waymo vs Otto trade secret theft case, reveal Uber’s optimism with self-driving cars in 2016, which included the company envision running 75,000 self-driving vehicles across 13 cities by 2022.
Tesla’s V3 Supercharging station discharges 250 kW; Italy’s olive-oil industry is facing an agrarian crisis; Americans are abandoning public transit; French port of Marseille-Fos has joined a blockchain pilot program.
Transportation-as-a-service will have a huge 2019, and Lyft is kicking it off.
