On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…
Following the outbreak of the coronavirus in China, the retail sales of passenger cars in the country has crumbled by 92% on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA). During this period, sales of passenger vehicle in China touched 4,909 units, down from 59,930 vehicles…
On Tuesday, Boeing Co stated, BBAM, a lessor, had ordered three 737-800 converted freighters to service the growing e-commerce market and the express sectors of the air cargo market. The planes, which will be converted, will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable…
With 90% of the world’s trade being transported by sea, the Global shipping industry contributes around 2.2% of the world’s CO2 emissions. In order to cut down emission levels, shipping associations have proposed creating a research fund. They have already raised $5 billion to develop technology to help the sector comply with U.N. emission targets.…
In a statement, Toyota Motor Corp disclosed, its automated driving R&D unit plans on deploying advanced self-driving capabilities in mobility service vehicles before it does so in personal-use vehicles. “‘Level 4’ (driving capabilities) is really what we’re striving for to first appear in mobility as a service,” said James Kuffner, CEO of Toyota Research Institute-Advanced…
Gojek’s proof-of-concept service will be used to measure the demand for ride-hailing sector in Malaysia for a period of 6 months. On Tuesday, in a statement, Anthony Loke Siew Fook Malaysia’s minister of Transportation stated, Kuala Lumpur will allow ride-hailing firms such as Indonesia’s Gojek to start operations in the country from January 2020. Gojek’s…
The implications of this pilot project has manifold benefits. It will not only lower operating costs but also improve delivery time and significantly reduce the problem of driver shortages. On Tuesday, in a development that marks a significant milestone in efforts to commercialize autonomous vehicle technology for hauling freight, the U.S. Postal Service stated, it…
