Railroad Forums
Moderator: Jeff Smith
CULVER CITY, Calif. — Union Pacific has expressed interest in a new autonomous battery-electric intermodal car concept developed by a group headed by three former Space X engineers.
The concept under development by Parallel Systems would see intermodal containers carried by pairs of powered battery-electric wheelsets, moving in “platoons” of cars, but capable of splitting off to individual destinations en route. The company went public with its plan this week, saying it has raised $49.55 million for construction of the vehicles, as reported by CNBC, Fast Company, and other media outlets.
“We are interested in the Parallel System’s technology. We are familiar with it, and it is of interest. It’s of keen interest,” Union Pacific CEO Lance Fritz told investors and analysts on the railroad’s earnings call Thursday. “Candidly there are a lot of hurdles in front of that technology for deployment. Having said that, it could potentially be a game-changer if it proves out to be effective and workable. So I’d say keep your eye on it. We’re keeping our eye on it.”
