Ex-SpaceX engineer Matt Soule believes his autonomous rail cars could help ease the trucker shortage. Parallel Systems' rail freight cars could take over long-haul cargo routes from truckers, he said.

A California startup co-founded by three former SpaceX engineers has emerged from stealth with a plan to build autonomous electric vehicles to haul freight by rail, and has raised a sizable pot of ...

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Parallel Systems, a Culver City, California-based company ...

Mile-long, slow-moving diesel trains loaded with cargo chugging slowly across the U.S. could be a thing of the past one day if stealth startup Parallel Systems has its way. The Los Angeles company ...

For the last 200 years, freight trains haven’t changed much; massive locomotives still move relatively dumb freight cars. Certainly, rail fans could argue that plenty has changed—they’re not ...

Each day, thousands of trucks leave the shipping ports in Los Angeles and Long Beach hauling containers full of furniture, clothing, electronics, and other imports from Asia. The trucks, running on ...

Los Angeles, Calif.-based Parallel Systems on Dec. 20 released a video of its new autonomous battery-electric freight cars, which it said showed them “successfully platooning,” or “connecting with one ...

Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The ...

Platoons of driverless cargo trucks cruising across highways is one of those tempting technocrat ideas that doesn’t look like it will pan out. As autonomous driving technology matured in the middle of ...

WASHINGTON — The Federal Railroad Administration will allow Parallel Systems to test its autonomous, self-propelled flatcar system on a pair of Genesee & Wyoming short lines in Georgia. The FRA last ...

Los Angeles, Calif.-based Parallel Systems on Dec. 20 released a video of its new autonomous battery-electric freight cars, which it said showed them “successfully platooning,” or “connecting with one ...

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