LogisticsTechnology

Autonomous Hybrid Vehicle Platform Aims to Revolutionize Short-Distance Logistics

A California-based startup is tackling one of logistics’ most persistent challenges with an autonomous hybrid-electric vehicle that transitions seamlessly between rail and road. The technology promises to reduce operating costs by over 50% while addressing driver shortages and infrastructure limitations.

New Platform Addresses Intermodal Logistics Challenges

Industry analysts suggest a California-based startup is pioneering a novel approach to one of logistics’ most persistent challenges: the inefficient transition of goods between rail and road transport. According to reports, Glīd Tech has developed a universal platform that enables frictionless movement between transportation modes, potentially revolutionizing short-distance logistics for small and medium businesses.

BusinessTechnology

Salesforce CEO Retracts Support for Trump’s Military Deployment Plan Following Internal Backlash

Salesforce CEO Marc Benioff has walked back his endorsement of Donald Trump’s proposal to deploy National Guard troops to San Francisco. The reversal comes after significant internal backlash, including the resignation of prominent venture capitalist Ron Conway from the company’s philanthropic arm.

Executive Reversal Following Internal Pressure

Salesforce chief executive Marc Benioff has publicly retracted his support for former President Donald Trump‘s proposal to deploy military troops to San Francisco, according to reports. The reversal follows significant employee backlash and the resignation of a key figure from the company’s philanthropic foundation board.

EconomyInvestment

Africa’s Energy Future Demands Investment Over Ideology, Industry Leaders Assert

African energy leaders are pushing back against narratives keeping oil and gas resources underground while millions experience energy poverty. The chamber advocates for pragmatic policies and investment partnerships to drive energy development and industrialization across Africa.

Investment Priority Over Ideological Debates

According to reports from the recent African Energy Week in Cape Town, energy advocacy groups are emphasizing practical investment solutions over ideological debates regarding Africa’s energy future. The African Energy Chamber has reportedly rejected narratives suggesting oil and gas resources should remain untapped while energy poverty affects millions across the continent.

BusinessEconomy

After-Hours Stock Movers: CSX Rises on Earnings Beat, Interactive Brokers and Oracle Fall Despite Results

CSX Corporation saw shares climb 2% after hours following better-than-expected quarterly earnings. Meanwhile, Interactive Brokers Group declined despite beating estimates, and Oracle fell after providing its long-term outlook. Obesity drug manufacturers Novo Nordisk and Eli Lilly also moved lower.

Railroad Operator CSX Rises on Earnings Beat

Shares of CSX Corporation jumped approximately 2% in after-hours trading Thursday after the railroad company reported quarterly results that reportedly exceeded analyst expectations. According to the analysis by LSEG, CSX posted adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, slightly beating expectations of 42 cents per share on $3.58 billion in revenue. The report states that despite this performance, declining coal prices and merchandise volume contributed to slightly lower revenue during the period. CSX Transportation operates one of the largest railroad networks in the eastern United States.

Business

Starbucks CEO Values China Business Over $10 Billion Amid Partnership Talks

Starbucks leadership has signaled the company’s China business could be worth significantly more than previous estimates. The coffee chain is reportedly seeking strategic partnerships to navigate increasing local competition while maintaining a stake in the valuable market.

Starbucks China Business Valued “North of $10 Billion”

Starbucks CEO Brian Niccol has reportedly indicated the company’s China operations are worth more than previously estimated, with sources suggesting the value exceeds $10 billion. According to reports from CNBC’s Jim Cramer, the chief executive officer communicated that this valuation includes upfront investment from potential partners, Starbucks’ retained stake in the China business, and future royalty payments.