Against the odds: Driverless and AI…'we’re on a road to nowhere'
Hate to say ‘we told ya so’…but we told you so
If one mode of transport would seem ideally suited to becoming driverless, it is surely trains, given that they already run on tracks. But according to this Bloomberg analysis, written on the back of a set-piece interview with Union Pacific chief executive Lance Fritz, there is little chance of seeing widespread driverless freight trains anytime soon. US rail companies, which typically own both the infrastructure and the rolling stock, see a better return on investment when they put their money into tracks rather than locomotive technology – partially because in terms of the scale of their businesses, money spent on drivers wages is a comparatively minor aspect.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
'Slow season' and ocean network stabilisation easing pressure on rates
Alex Lennane
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During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
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