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.

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 ...

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 ...

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 ...

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 ...

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 ...

LOS ANGELES, April 14, 2025 /PRNewswire/ -- Parallel Systems, the world's first autonomous battery-electric rail system, will launch its first commercial pilot in April after securing approval from ...

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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 ...

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 ...