Los Angeles, Calif.-based Parallel Systems on Sept. 12 introduced its second-generation autonomous battery-electric freight car, which it plans to pilot test on existing U.S. and international rail ...

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 ...

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.

Matt Soule, the co-founder and CEO of Parallel Systems, worked at SpaceX for 13 years and left in July 2019. Moving freight by rail takes far less energy than moving the same freight by long haul ...

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 ...

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 ...

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 ...

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 ...

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 ...

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