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 ...

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 ...

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.

Trains may be an old technology, but they are still remarkable machines—operating with roughly four times the energy efficiency of semitrucks driving on a highway. However, over the past several ...

Tucked away off Highway 126, on a network of railway tracks sometimes used to shoot movies, a local startup is testing what it says is the future of transportation: driverless freight trains. Parallel ...

With almost $50 million raised so far and the desire to reimagine the railroad system, a team of three former SpaceX engineers founded Parallel Systems, a California-based company that wants to make ...