| |
| Hey Insiders — Today we're bringing you the latest on the projected air passenger volume for July 4 and GM Energy's product launch. Scroll down for our weekly regional spotlight. Let us know which areas you would like us to cover next. Thanks for reading! Nicolas
p/mobilitynerd | |
| 1 | | The Transportation Security Administration is estimating 17.7 million passengers will pass through security checkpoints between June 29 and July 5. The projected day with the highest amount of passengers is June 30, with 2.82 million. More: - In 2022, the July 4 weekend experienced over 10,000 flight cancellations and delays amid staffing shortages at the Air Traffic Control and various airlines.
- "With the new pay implementation plan for all TSA employees starting in July, attrition levels at TSA have dropped to historic lows, which means our increased employee retention has resulted in sufficient staffing levels to meet the increased passenger demand throughout the country," said TSA Administrator David Pekoske.
- The record for the most single-day passenger volume occurred on June 16 of this year, with 2.8 million people.
|     | |
| 2 | | What the numbers say: According to a projection by market research firm TrendForce, Chinese brands are expected to comprise 9% of "New Energy" vehicles (including PHEVs and fuel-cell) sales in Europe in 2023, up by 6% YoY. Relevance: Chinese EV brand expansion in Europe is taking place while Tesla leads SUV EV sales within the country, having sold 31,054 Model Y units in May, ahead of BYD and Aion. The local EV manufacturing sector has also gone from 500 companies in 2019 to approximately 100 due to increased competition and the consolidation of bigger players such as BYD. 
Brands that should care: Volkswagen, which recently slowed down production for the ID.4 and delayed the launch of the ID.7, and mid-table EV sellers including Peugeot, Fiat, Dacia, Skoda, Hyundai, and Renault. | | | |
| A message from our sponsor, Docker. |  | | Game-changing innovation to transform your business. Staying ahead of new technology is overwhelming. Trending topics like AI/ML, Wasm, and DevEx can all revolutionize how applications are built and deployed, but they can be hard to integrate into existing workflows and processes. The Docker platform is your gateway to innovation, simplifying the development process so your teams can focus on what matters most: transforming your business. Discover how Docker makes AI more accessible and inclusive through our partnership with Hugging Face. Together, we democratize AI by leveraging the power of containerization, making AI more accessible and inclusive to all developers. With Docker, innovation is just a few clicks away. Read more on our blog. Read Now | |
|
| 3 | | General Motors' Energy subsidiary announced its first products under the Ultium Home brand, including bundles for vehicle-to-home charging, home energy systems, and energy storage. GM Energy was formed last October and also includes the Ultium Charge 360 network, which would include 500 DC stations across Pilot and Flying J locations. More: - The V2H Bundle enables bi-directional charging, including up to 19.2 kW charge speeds. The V2H Enablement Kit includes an inverter, home hub, and dark start battery.
- The Home Energy System includes the V2H Enablement Kit and PowerShift Charger in addition to the PowerBank, which extends backup capacity.
- $GM was up 1.89% for the day, and 4.15% WoW, at market close on Wednesday.
| | | |
| 4 | | The Alliance for Automotive Innovation, a lobbying group representing automakers, plans to submit comments to the Environmental Protection Agency against a proposed maximum of carbon dioxide emissions of 82 grams per mile starting with the vehicle model year 2032. The group includes support from General Motors, Volkswagen, Toyota, and Hyundai. More: - The Alliance for Automotive Innovation is calling the proposal a "de facto battery electric vehicle mandate."
- The lobbying group says the proposal does not align with the Biden Administration's goal set in August 2021 of 50% of vehicles by 2030 being electric or plug-in hybrids.
- "EPA's standards cannot be met without substantially increasing the cost of all vehicles, reducing consumer choice and disadvantaging major portions of the U.S. population and territory," said the group.
| | | |
| A message from our sponsor, Remote. |  | | Remote makes it easy for any company to hire and pay anyone, anywhere in the world. Your trusted HR team in every country! As the Employer of Record, Remote fully owns and operates entities in the markets we serve so you don’t have to. You’ll save time and money while protecting your business and employees. - We offer comprehensive coverage at rates meant for larger groups — even if you’re still a small team.
- Get personalized service from our HR and legal experts during every step of your global hiring journey.
- We do the work to understand and proactively act on local labor and tax law requirements.
- Our fair price guarantee means that you can say goodbye to 3rd party markups and hidden fees.
- Retain full ownership of your IP and invention rights in every country where you operate.
- We help you understand tax treatment in each country so you can offer the best plans and packages.
- For employees looking to apply a special tax regime in their country, which will help them maximize their take-home pay, we have an expert team to help them navigate the process free of charge.
- We're proactive and not reactive about our customer service. We care for you, the customer, and that is why we make every interaction count.
Start onboarding your team in a few clicks! Start today | |
|
| 5 | | Florida-based cargo airline Western Global is returning its aircraft to its home base in Ft. Myers as it is reportedly considering filing for bankruptcy. Western Global has a fleet of 21 aircraft and primarily serves as a contractor for Amazon. More: - Earlier this year, the cargo airline canceled an order for two large 777 freighters from Boeing.
- The company has drawn its $45.5M revolving credit, including the $13M expected return of the deposit from Boeing.
- Western Global has $4M in quarterly interest and principal payments obligations on its debt and a $21M coupon payment to bondholders due Aug 23.
- The airline is also facing a lawsuit from employees alleging the owners overvalued the company as they sold shares through the employee stock ownership plan.
| | | |
| 6 | | Renault is revising its guidance for the year from an operating margin of 6% to a range between 7% and 8%. This would translate to an operational free cash flow of $2.7B, up from $2.17B. More: - The announcement comes amid industry concerns about slowing auto markets in Europe and higher inflation.
- Renault is finalizing talks with Nissan for an investment of up to 15% in the French automaker's EV business unit.
- The company sold 535,000 vehicles globally in Q1, constituting a 14.1% YoY increase.
- Renault generated $12.5B in Q1, increasing by 29.9% YoY.
| | | |
| 7 | | Quick Hits: - Protect your code with help from Docker. Join us for a conversation to learn how to stay ahead of security threats and build a resilient tech stack.*
- The U.S. Department of Transportation granted a total of $33.5M to truck parking projects in Texas and Louisiana.
- Ford CFO John Lawler said the company is seeing fewer semiconductor supply disruptions.
- Brazil is expanding its tax credits to automakers to lower prices after the program's initial $310M ran out.
- Geely's Zeekr brand is launching in the Netherlands and Sweden with two electric vehicle models.
- It's never been easier for your sales organization to accelerate growth. Learn how AI and more can help you sell in a whole new way.*
*This is sponsored content. | | | |
| Upcoming Events | | JUN
29 | | Inside.com Book Club - Automate Your Busywork (June 2023) | | | | | | | JUL
12 | | Monthly Meditation guided by Nicholas Whitaker | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | * This is a sponsored event | | | |
Term of the Day Product positioning: Product positioning involves creating a unique value proposition and an emotional connection between the customer and the product or service. Question of the Week How do you feel about the phrase "The customer is always right"? Join the conversation |
INSIDE TRANSPORTATION LEADERBOARD (ALL-TIME) |
 | Sr. Analyst | | Nicolas S. is a Sr. Analyst at Inside, covering transportation and startup trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped startups. Follow him at @MobilityNerd. | | This newsletter was edited by Aaron Crutchfield | |
| |
| |
|
| |
|
| |
Comments
Post a Comment