Tina Bellon

For companies working to make self-driving trucks a near-term reality, all roads lead to Texas.

Waymo Via, the self-driving trucking unit of Alphabet Inc, and Uber Technology Inc's Freight business on Tuesday said they signed a long-term strategic partnership that would allow future customers to deploy autonomous trucks more efficiently.

When Jeff Wells placed a reservation for a Rivian R1T pickup in early 2019, he was one of the first in line for a truck from the Amazon.com Inc-backed electric vehicle startup that at the time promised to tap in to a niche not served by other automakers.

Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.

Self-driving startup Argo AI on Tuesday said it was having driverless vehicles carry employees around streets of Miami, Florida and Austin, Texas, noting that commercial applications would follow after an unspecified time.

Self-driving startup Argo AI on Tuesday said it had launched driverless vehicles in Miami, Florida and Austin, Texas, but added the vehicles initially were used for in-house testing, with commercial applications following at an unspecified time.

Electric vehicle company Canoo Inc on Tuesday warned investors it might not be able to meet its financial obligations, saying it had access to $600 million in funding but added it had "substantial doubt" about its going concern.

A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging earlier this year, Uber Technologies Inc's head of freight said.

Lyft Inc's choice to stay on the narrow ride-hail road worries investors as its larger rival Uber Technologies Inc explores more profitable paths, such as becoming a food delivery giant during the pandemic.

Consumers eager for post-pandemic normalcy shrugged off higher prices to keep spending on Lyft Inc rides in the first quarter, and the company on Tuesday surpassed expectations for revenue and operating earnings.

Lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs.

Lyft Inc will spend more to increase the supply of drivers, signaling higher costs of getting cars back on the road, and declined on Tuesday to predict when the ride hailing company would hit pre-pandemic levels of business, sending its shares plummeting.

Lyft Inc on Tuesday gave lackluster targets for operating earnings due to its need to spend more heavily to attract drivers back to its platform, sending its shares plummeting.

Lyft Inc on Tuesday forecast second-quarter revenue below Wall Street expectations and said it would spend more to increase the supply of drivers, signaling higher costs of getting cars back on the road.

Lyft Inc on Tuesday gave lackluster targets for operating earnings due to its need to spend more heavily to attract drivers back to its platform, sending shares plummeting.

Hertz Global Holdings Inc new chief executive on Wednesday said he expects Americans' pent-up desire for a summer vacation to lead to more strong rental car demand despite rising inflation.

Hertz Global Holdings Inc new chief executive on Wednesday said he expects Americans' pent-up desire for a summer vacation to lead to continued strong rental car demand despite rising inflation.

U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers.

Washington Governor Jay Inslee on Thursday signed into a law a minimum pay standard for Uber and Lyft drivers across the Northwestern state, the first time a U.S.

Washington Governor Jay Inslee on Thursday signed into law a minimum pay standard for Uber and Lyft drivers, making Washington the first U.S.

Electric carmaker Lucid is looking into raising prices for future models amid "huge inflationary pressures," but is committed to honoring prices for existing reservation holders, its chief executive on Thursday.

U.S. Transportation Secretary Pete Buttigieg on Wednesday said federal policy on autonomous vehicles will undergo "meaningful" developments in the coming years, saying policy frameworks had not fully caught up with technological developments.

The $100 billion Western rental car industry, flush with cash from a profitable pandemic, is gradually getting its electric show on the road, and Chinese-made vehicles are poised to play a starring role.

Uber Technologies Inc is testing a new driver earnings algorithm in 24 U.S.

Hertz Global Holdings Inc on Wednesday said it posted a new record adjusted profit in the fourth quarter as demand for rental cars remained strong, but post-bankruptcy restructuring costs yielded a large net loss.

Hertz Global Holdings Inc on Wednesday said it posted a new record adjusted profit in the fourth quarter as consumers continued to rent cars and travel, undeterred by higher prices.

Uber Technologies Inc on Thursday said it would report around $5 billion in adjusted profit in 2024 and improve algorithms to keep costs low and win new customers.

UBER-INVESTORS:Car sharing and better algorithms - how Uber plans to impress during its investor day

UBER-INVESTORS:Better algorithms, more users - how Uber wants to impress at its investor day