Culver City, Calif.-based Parallel Systems has been awarded a $4.4 million U.S. Department of Energy (DOE) grant to test its autonomous, battery-electric-powered railcar technology. DOE is ...

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 ...

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 is preparing to test its autonomous-railcar technology in the Peach State after raising $38 million in growth capital, as the startup aims to give railroads the means to take business ...