Food trucks in the U.S. have taken many forms, but have long been a popular option for dining. Now as the coronavirus pandemic alters the way we interact and engage with others, these kitchens on wheels may have a new function, especially on college campuses.
Rod Keller, CEO of the electric vehicle manufacturer AYRO is jumping at the opportunity to capitalize on the niche industry in a partnership with Gallery Carts. The new collaboration will combine AYRO's expertise in developing electric vehicles with Gallery's expertise in creating food delivery vehicles.
"Colleges are faced with, 'Well how do we provide food and beverage while at the same time, avoiding the mass crowds that you would typically see inside of a cafeteria?'" Keller told Cheddar.
So far, more than $500,000 has been poured into the collaboration as orders for the vehicles continue to amass. Keller said he's confident that as universities and other large campuses seek safer ways to feed their communities amid the pandemic, the need for their services will grow.
AYRO is also banking on buyers in higher education considering the long-term savings electric vehicles can provide. Keller said its electric vehicles save fleet operators at least 50 percent on fuel and energy costs.
"When people are moving cargo from one side of a university to another, or business campus, or hotel and resort, you don't need a full-sized truck with 400 miles of range running on gasoline to do that," Keller said.
Bahamian authorities say a cruise ship that was set to dock in Miami has remained in the Bahamas, avoiding a U.S. judge’s order to seize the vessel.
Pfizer and BioNTech have begun studying a COVID-19 vaccine tweaked to match to the omicron variant in healthy adults.
Stocks are closing lower on Wall Street Tuesday after another volatile day of trading. Technology companies like Microsoft were again the biggest drag on the market.
Jarrod Loadholt, a partner at the law firm Ice Miller LLP, joined Wake Up With Cheddar to break down what's causing the current major crypto crash with Bitcoin and Ether both falling more than 50 percent below their recent highs. "Some investors are pricing in what's very likely to be the end of loose monetary policy," Loadholt said, pointing to the likelihood of the Federal Reserve shortly reversing course on pandemic-era easing. He also went into what the future holds for cryptocurrencies.
Stocks recovered from big early losses Monday as investors jumped in before the closing bell.
They say life is about the journey, not the destination — and how you get there makes all the difference. Americans shunned train stations, roadways, and airports amid the coronavirus pandemic, never realizing things could be fundamentally different when they return. In this episode, we're exploring the evolving world of transportation, from how we get around to how goods get to us.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
New York City Mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies.
Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games.
Stocks extended their losses on Wall Street Friday as major indexes finished with another weekly loss.
