Shipping containers are loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Weekly rail trade data from the Association of American Railroads reveals the significant negative impact of the Canadian West Coast ports strike on freight rail cargo …
A BE-4 engine at Blue Origin’s Launch Site One facility in West Texas experienced a catastrophic failure during testing last month. Video footage of the incident shows a dramatic explosion that destroyed the engine and caused significant damage to the test stand infrastructure. The explosion occurred approximately 10 seconds into the test, and the engine …
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is actively involved in both the public and private markets in the United States. Unlike other US funds, PIF is not required to disclose its holdings in these markets. However, during the recent PGA-LIV merger hearings, a previously undisclosed list of PIF’s top public equity …
At the Roger Beasley South dealership lot in Austin, Texas, on June 7, 2023, pre-owned vehicles are on display. Photo: Brandon Bell | Getty Images In Detroit, wholesale used vehicle prices recorded their most significant drop since the start of the Covid-19 pandemic. This decline indicates a stabilization of prices in the second half of …
Astra CEO Chris Kemp delivers a speech at the company’s headquarters during its Spacetech Day on May 12, 2022. Image credit: Brady Kenniston / Astra Astra, a spacecraft engine manufacturer and small rocket builder, has announced its plans to conduct a reverse stock split at a ratio of 1 to 15, according to a securities …
Volkswagen Group of America (VWGoA) is set to launch its inaugural autonomous vehicle test program in Austin starting in July 2023. Image courtesy: Volkswagen AG Volkswagen announced on Thursday its plans to commence trials of self-driving electric vehicles in Austin, Texas later this month. The German automaker intends to deploy approximately 10 autonomous ID Buzz …
In September 8, 2022, Ford Motor Company’s electric F-150 Lightning was captured on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan. An exciting glimpse into the future of electric vehicles. Impressively, Ford Motor demonstrated a 9.9% increase in second-quarter sales compared to the previous year. The surge in sales was primarily …
Elon Musk, the CEO of Tesla, spoke via video during the opening ceremony of the 2023 World Artificial Intelligence Conference in Shanghai, China, on July 6, 2023. VCG | Visual China Group | Getty Images According to Elon Musk, China has a strong position in the development of artificial intelligence and will excel in any …
Nikola TRE FCEV2 Courtesy: Nikola Electric heavy-truck manufacturer Nikola is eagerly awaiting the results of its shareholders’ vote on its plan to raise capital through the sale of additional stock. The outcome of this vote will determine if Nikola can proceed with its plan to increase the total number of authorized shares to 1.6 billion …
A Tesla Model Y, displayed at a Tesla car lot in Austin, Texas, has become the top-selling car globally in the first quarter of 2023. Legacy automakers, on the other hand, have been promising significant increases in the production and sales of electric vehicles (EVs), but their efforts have had little impact on the market. …