As U.S. consumers take to the road this summer, the state of electric vehicles hangs in the balance and the payments industry grapples with the issues that will provide the right platform for its growth. First, the sales update. As the major car companies report...
Southwest Airlines is experiencing reduced pricing power because airlines have added flights and seats. The company said in a Wednesday (June 26) filing with the Securities and Exchange Commission (SEC) that it has changed its outlook for revenue per available seat mile (RASM) in the...
Carvana reportedly expects that as more new vehicles are built, the company’s used car business will benefit. “There will likely be much more car production, and that will probably bode well,” Carvana CEO Ernest Garcia III told reporters Tuesday (May 14) at an Automotive Press Association event...
If you take your hands off the wheel, you might crash. That proverbial piece of advice, commonly leveled at business leaders and managers, has taken on a new meaning in light of the U.S. Department of Justice‘s (DOJ) investigation revealed Wednesday (May 8) into electric vehicle (EV) automaker...
Estonian company Bolt Technology OU is reportedly looking to hire managers to launch eScooter rentals in several cities in the United States. The firm posted job listings on LinkedIn last week seeking general managers and operations managers for such a venture in Los Angeles; Seattle; Austin, Texas; and...
Whether it’s a delivery service rushing to fulfill orders, a construction crew on a project or a catering company prepping for a weekend event, all these businesses rely on fleets of vehicles to keep their operations running smoothly. However, managing these fleets poses a significant challenge....
Economic challenges or no, consumers still need to get where they are going, and many are now opting for secondhand sellers when buying vehicles, unable to justify the price of buying new. In March, according to Cox Automotive, used vehicle sales were up 19% month over...
Where an industry goes tomorrow is a step-function from where it is today. And this is particularly true within the fleet management ecosystem, where traditional payment methods like fuel cards remain, by far, the most common payment scenario. Increasingly, addressing the challenges of traditional fleet...
Tesla CEO Elon Musk says the company will debut a robotaxi this summer. “Tesla Robotaxi unveil on 8/8,” Musk wrote on X Friday (April 5). The multibillionaire had predicted in 2019 that Tesla would launch a robotaxi by 2020. His latest announcement hours after a report by Reuters...
