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Tesla shares climb higher after announcement of new Superchargers

  • Technology
Tesla shares climb higher after announcement of new Superchargers Photo Credit: Steve Jurvetson

News about Tesla's soon to be launched electric semi-truck seems to have fared well among shareholders as shares for the company climbed 3% higher on September 14. The company's stock further closed $2 higher the next day. Shares were as high as $351.33 at the start of the previous week and with the company introducing their new Superchargers, shares closed at $363. Tesla introduced superchargers to avoid Tesla owners from having to leave their vehicles at recharging stations. Tesla has pushed out a new generation of recharging stations within its network.

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Blockchain technology can make trucking industry transparent and error-free

  • Technology
Blockchain technology can make trucking industry transparent and error-free Photo Credit: transport-auto.com

Trucking is among one of the most important industries in America with it being referred to as the backbone of the nation's economy owing to the fact that trucks move about 70% of all domestic freight. The industry is a complex network that interconnects suppliers, manufacturers, movers, and several other entities.

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Trucking industry to change rapidly over the next 5 years: Technological innovations will soon revolutionize the industry

  • Technology
Trucking industry to change rapidly over the next 5 years: Technological innovations will soon revolutionize the industry Photo Credit: Advancements in platooning technology will lead to greater fuel efficiency. (Photo: Navistar)

Today, the trucking industry is a lot different than how it was five decades ago. With rapid changes taking over the industry, trucking seems to be evolving at a fast pace and will continue doing so in the next five years. Some of the notable changes are the development of GPS technology, fleet management solutions, and self-driving trucks. Various technological innovations such as virtual reality, artificial intelligence, and material sciences among other things are impacting the trucking industry in a big way.

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Autonomous trucks may not be that far out in the future as we once thought

  • Technology
Autonomous trucks may not be that far out in the future as we once thought Photo Credit: Otto

Annual reports by the American Trucking Association (ATA) show that the trucking industry loses approximately $49.6 billion every year and this loss can be attributed to congestion. On deeper analysis, it is revealed that 90% of road accidents resulting in a death or injury are due to driver error and a majority of these accidents are caused by trucks.

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Self driving technology will have varying effects on different working classes

  • Technology
Self driving technology will have varying effects on different working classes Photo Credit: BP63Vincent

Self driving technology may revolutionize the trucking industry sooner than we thought it would. The advent of such a technology will affect different classes of people in different ways. Workers in industries like trucking, which is primarily associated with moving goods and services, might find themselves in a tight spot once autonomous vehicles become fully functional. Other industries, where mobility of workers is of importance, self driving technology might actually benefit from such vehicles. They include plumbers, postal workers, and so on.

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