Bird, the once high-flying electric scooter startup, has filed for bankruptcy. The Miami-based company announced its Chapter 11 filing two years after going public, one year after warning bankruptcy could be on the horizon and three months after being delisted from the New York Stock...
Consumers are actively engaging in various digital activities, according to the latest edition of the “How The World Does Digital” report by PYMNTS Intelligence, which highlighted a 6.5% increase in daily engagement compared to the previous year, driving growth in the ConnectedEconomy™ Index. In particular,...
Cruise, the autonomous vehicle unit of General Motors, is reportedly planning to resume its robotaxi service with a more focused approach. After facing safety mishaps and regulatory scrutiny, Cruise has decided to scale back its operations to a single city and shelve plans for Origin, a driverless taxi...
From smart navigation systems to real-time vehicle diagnostics, the integration of smart technologies into vehicles is not only redefining the driving experience but also transforming the way consumers interact with and perceive the road ahead. This shift extends to the adoption of hands-free in-car voice...
Ryder System has deployed its first BrightDrop Zevo 600 electric vans that are available for rent at four Ryder facilities in three states: California, Texas and New York. The provider of supply chain, dedicated transportation and fleet management solutions plans to add 4,000 BrightDrop electric vans to its...
Lyft has introduced a new feature that aims to match women and nonbinary divers with more women and nonbinary riders. The new Women+ Connect feature is designed to address the gender disparity among the ridesharing platform’s drivers and provide benefits for both drivers and riders, Lyft said...
Micromobility.com and EVmo have signed a letter of intent to merge. The planned merger will bring together micromobility.com’s micromobility solutions and vehicle rentals and EVmo’s vehicle rentals to gig economy drivers and delivery companies, the companies said in a Wednesday (June 7) press release. The...
Private plane operator Surf Air Mobility is reportedly preparing to go public. The Los Angeles-area company’s filing for a direct listing could come as soon as next week, with trading beginning this summer, Bloomberg News reported Friday (May 26), citing sources with knowledge of the plans. As Bloomberg...
On April 20, The Wall Street Journal detailed the performance of stocks deemed economically sensitive, such as those within the transportation sector, against the broader market as harbingers of an oncoming recession. The article notes that the Dow Jones Transportation Average, which follows the 20 largest...
