Transport Topics
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WASHINGTON — U.S. consumer spending tumbled 0.5% in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January.
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The terms artificial intelligence and automation pepper discussions about the transportation industry’s future, often closely followed by mentions of autonomous vehicles. But while self-driving trucks are still in their infancy, AI already is influencing the back office’s digital transformation.
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As artificial intelligence grows more sophisticated and becomes increasingly accessible to businesses of all types, it will usher in significant changes across a broad spectrum of industries, including freight transportation.
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Tesla said Feb. 28 it will close “many” of its stores and shift to online-only sales after announcing that its long-awaited $35,000 Model 3 is available for purchase.
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