Parallel Systems, a Los Angeles-based company that launched in 2020, is developing an autonomous, battery-powered train to ...

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 ...

After 20 years as an aerospace engineer, including 13 years at SpaceX, Matt Soule sought a new transportation challenge he ...

Rail autonomy is coming to trains. The flexibility to move smaller batches of freight efficiently over short distance rail ...

Los Angeles, Calif.-based Parallel Systems on Dec. 20 released a video of its new autonomous battery-electric freight cars, which it said showed them “successfully platooning,” or “connecting with one ...

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 ...

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.

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 ...

Former SpaceX engineers have teamed up together in order to create autonomous railway vehicles. The engineers are forming a new startup called Parallel Systems and have just raised $50 million during ...

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 ...