Lyft has raised an additional $600 million in a Series I financing round led Lyft has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company's value has more than doubled in the past 14
Month: June 2018
Kenya Airways Dusts Off Expansion Dream With 10 Boeing-Jets Plan
President Trump, Jeff Bezos and the Solution for the United States Postal Service
The USPS generates 70% of their revenues from mail delivery. Amazon today announced a new program designed to encourage entrepreneurs to enter into an agreement with Amazon to open their own Amazon-backed delivery service. In exchange for a $10,000 investment, Amazon will provide up to 40 vans and allow drivers to wear Amazon-branded uniforms.
Kroger to test grocery deliveries with driverless cars
This undated photo provided by The Kroger Co. shows a driverless car that the Cincinnati-based company is about to test whether it can steer supermarket customers away from crowded grocery aisles with a fleet of diminutive driverless cars designed to lower delivery costs. The test program announced Thursday, June 28,
Amazon wants to foster small independent delivery fleets
Amazon is promising massive profits to anyone who wants to start a delivery company with a minimum $10,000 investment Amazon.com Inc. on Wednesday said it would offer incentives to entice entrepreneurs to set up their own small package-delivery businesses as part of Amazon’s latest effort to solve the challenge of getting
Volvo, FedEx test truck ‘platooning’ on public U.S. road
A Federal Express truck in La Jolla, California. REUTERS/Mike Blake Truck maker Volvo AB and package delivery company FedEx Corp said on Wednesday they have begun public U.S. testing of “platooning” technology, which allows digitally-connected semi trucks to save fuel by driving closely together in convoy, on a highway in North Carolina. Using a
Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices
A coalition representing major foreign automakers in U.S Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing
Volkswagen Launches Rwanda Operations
Initial investment of US$20 million to create up to 1,000 jobs, assemble up to 5,000 cars per year. The wait is over as Volkswagen (VW) officially kicks off its much-awaited operations in Rwanda. The official launch will take place on Wednesday, at the Kigali Special Economic Zone where its first assembly base will be
Brexit prompts Heathrow operator Ferrovial to move international HQ out of UK
Heathrow airport's operator is moving its international HQ from the UK to Amsterdam because of Brexit. Spanish-owned Ferrovial says it needs to keep within EU legislation after the UK leaves the EU. The company currently runs its US, Canadian, Polish and UK operations, which includes Heathrow, from Oxford. Ferrovial is the largest shareholder
