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Freight Companies Scramble to Reroute Goods in Wake of Harvey

Trucking fleets, railroads and shipping lines are rerouting cargo and setting up alternate supply lines as Tropical Storm Harvey promises to disrupt freight traffic across southeast Texas for days. Seaports in Houston and Corpus Christi have been closed to most ships since before Harvey made landfall Friday, and rising waters from days of heavy rains and

How Harvey could affect nationwide auto sales

The full extent of the devastation, mayhem, pain, and loss of life that Hurricane Harvey is leaving in its path is still unknown, and people are still trying to get to safety. It sent the oil-and-gas industry reeling. Housing in affected areas took a serious hit; perhaps $40-billion in damage,

Toyota invests in ride-sharing app Grab

Toyota Tsusho Corporation, the sole general trading company of Toyota Group, has invested in Grab in its current financing round and is expected to raise $2.5 billion. This investment was made through its Next Technology Fund and is the latest participant in Grab’s current financing round, led by SoftBank and

How a Danish startup is using math to cut airport wait times in half

(Business Insider) - Danish startup Copenhagen Optimization has become the go-to for making airports run more smoothly. Like they did at Geneva Airport in Switzerland, where the average waiting time was reduced by more than 50%. "It's all about numbers," says Anders Dohn, Managing Partner and co-founder at Copenhagen Optimization. "At the core, we have a

Uber Gets Deal-Maker, Trump Agitator as CEO

Dara Khosrowshahi will take over as chief of ride-hail company Meg Whitman and Jeffrey Immelt were finalists for the job   (Bloomberg) - Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing Leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the

Iceland Gets A Drone Delivery Service

Almost four years ago, Amazon CEO Jeff Bezos went on "60 Minutes" and unveiled his vision of having drones deliver packages right to customers’ doorsteps. Ideally, this would occur within 30 minutes of the order. Bezos speculated it might take four or five years to get things right and win the

Robot Ship Experimenting to Disrupt the Global Shipping Industry

Japanese container line to conduct trans-Pacific test in 2019 Japan is aiming to set global standards for automated ships   (Bloomberg) - Japan’s largest container line plans to test a remote-controlled vessel across the Pacific Ocean in 2019 as it pursues fully autonomous technology that could disrupt the global shipping industry. Nippon

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