While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On...
Consumers’ device portfolio has changed significantly over the years, largely due to technological breakthroughs and evolving consumer preferences in a world dominated by digital transformation. These changes have affected everything from smartphones and smartwatches to smart TVs and cars with connected capabilities. PYMNTS Intelligence data...
Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, as The Wall Street Journal (WSJ) noted in a report Monday (Jan. 29). Among the companies cutting jobs this...
Ford and its luxury brand Lincoln are enabling customers to access apps and services in their vehicles through a new integrated native experience. Drivers will also be able to do so with Apple CarPlay and Android Auto, the company said in a Monday (Jan. 22) press...
RXO, a provider of asset-light transportation solutions, has launched an artificial intelligence (AI)-powered check-in system for trucks arriving at warehouses and distribution centers. This visual AI technology aims to simplify the check-in and security process by utilizing video to identify trucks and extract image and...
Car rental firm Hertz is selling 20,000 electric vehicles (EVs) from its U.S. fleet — amounting to one-third of its global fleet — and replacing them with internal combustion engine (ICE) vehicles. It is doing so because EVs are more expensive than ICE vehicles to...
For autonomous vehicles (AVs), the road ahead stretches out a bit farther. On Thursday (Jan. 4), Mobileye, which makes self-driving technology — spanning cameras and chips and systems — posted preliminary results for the third quarter. The results pointed to what the company called “excess...
Mobility technology firm Continental and self-driving technology company Aurora Innovation have finalized the design of a scalable autonomous trucking system and plan to start production in 2027. Finalizing the design and architecture of the future fallback system and hardware of the Aurora Driver autonomous driving...
Hyperloop One, a transportation company that aimed to revolutionize transit with its high-speed tube-encased lines, is reportedly shutting down. The company is selling off its assets and laying off its remaining employees at the end of the year, Bloomberg reported Thursday (Dec. 21). This news comes...
