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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Culver City, Calif.-based Parallel Systems is testing autonomous battery-electric railcars for short-haul freight operations, and has raised $49.55 million in Series A funds to help build a fleet, ...

Add Yahoo as a preferred source to see more of our stories on Google. Parallel Systems has won Federal Railroad Administration approval to test its autonomous, battery-electric rail cars on Genesee & ...

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