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 ...

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.

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 ...

With almost $50 million raised so far and the desire to reimagine the railroad system, a team of three former SpaceX engineers founded Parallel Systems, a California-based company that wants to make ...

Add Yahoo as a preferred source to see more of our stories on Google. Brian Gibbs, vehicle field specialist, left, and James Unger, manager of field operations, stand on an autonomous freight train at ...

This article has been revised and corrected from the original version. Parallel Systems, a downtown Los Angeles-based company, bills itself as the world’s first autonomous battery-electric rail system ...