Autonomous rail vehicle company Parallel Systems says it has publicly demonstrated how its rail vehicles connect with each other via bumper to bumper at its test track in Southern California. This ...

Parallel Systems (Parallel or The Company), the world's leading battery-electric autonomous freight rail company, has closed its Series C funding round with $100 million in new capital. New investors ...

Second generation Parallel Systems autonomous-electric rail vehicle. Vehicle is designed to carry cargo containers that might otherwise by transported by trucks or traditional freight trains. No ...

Parallel Systems, which is the world’s first autonomous battery-electric rail system, will launch the first commercial pilot in April after securing approval from the Federal Railroad Administration ...

The business of moving goods in the United States is dominated by trucks, which handle about two-thirds of the 20.2 billion tons of freight that’s transported annually. Parallel Systems founder and ...

Parallel Systems has raised $100 million in Series C funding to scale production and commercialization of its battery-electric autonomous freight rail technology. AVP led the round, with new investors ...

Parties will assess flexible rail freight corridors, port shuttles, logistics networks and public-private partnership opportunities across the region Abu Dhabi: Parallel Systems, (“Parallel”) the ...

New capital will accelerate production of the company's next generation Panther rail vehicle and fuel commercial expansion including international markets Parallel enables railroads to handle shorter, ...