Tech
Can Amtrak Finally Bring High-Speed Rail To Texas?
After decades of research, the U.S. remains without authentic high-speed rail options. Federal planners believe that a route connecting major cities in Texas may be an ideal fit.
In 2014, a group organized under the name Texas Central announced plans to connect Dallas to Houston with a bullet train that travels more than 200 miles per hour, shortening a three and a half hour drive to a 90-minute train ride. The route would connect two large and fast-growing population centers, making one stop near local universities in the Brazos Valley.
The Texas Central project has been repeatedly delayed as its backers navigate various regulatory hurdles, including environmental reviews and disputes over property rights. The leadership team at Texas Central resigned in the middle of land acquisition for the process. Texas Central declined multiple requests for comment from CNBC.
The project is expected to cost at least $33.6 billion dollars, according to a March 2023 analysis from the Reason Foundation. Similar high-speed rail projects around the world have faced substantial cost overruns in development. That includes Japan’s Tokaido Shinkansen system and California High-Speed Rail, which could someday connect Los Angeles to San Francisco.
The Texas effort has received substantial support from businesses in Texas, Japanese firms and the U.S. government. With a historic $66 billion commitment to passenger rail, the U.S. government under Biden appears to have its best bet in generations to start an authentic high-speed rail system. But the future of publicly subsidized projects, including Texas Central and California High-Speed Rail remain uncertain.
Amtrak told CNBC that if Texas Central passes a financial review, it could be open for passengers as soon as the early 2030s.
Chapters:
0:00 – 1:50 Introduction
1:55 Chapter 1 – Texas Triangle
4:35 Chapter 2 – Landowners
8:55 Chapter 3 – Amtrak partnership
12:02 Chapter 4 – Shinkansen in Texas
Produced, Shot and Edited by: Carlos Waters
Supervising Producer: Jeniece Pettitt
Additional production by: Liam Mays
Additional Camera by: Katie Brigham, Nathaniel Lee, Magdalena Petrova, Andrew Evers, Ashley Stringer
Animation: Christina Locopo
Additional Footage: Getty Images, KBTX
Additional Sources: Google Maps, North Central Texas Council of Governments, Reason Foundation, Rethink35, Texas State Library Archives, Texas Supreme Court
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Can Amtrak Finally Bring High-Speed Rail To Texas?
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Food technology startup Wonder has raised $3 Billion since it launched in 2018. Serial entrepreneur Marc Lore’s goal is trying to revolutionize dining with automation and customization. Though investors are convinced, can it get consumers on board? CNBC’s Amelia Lucas took a look at the company ahead of a potential IPO.
Chapters:
0:00 Introduction
1:36 Chapter 1. What is Wonder?
4:12 Chapter 2. Raising $3B
6:22 Chapter 3. Challenges
Produced and Shot by: Natalie Rice
Reporter: Amelia Lucas
Additional Camera by: Ryan Baker, Rowan Buck
Edited by: Darren Geeter
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images, Wonder
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Why Investors Love Wonder
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It marked the 50th time the company has flown a Falcon 9 rocket.
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SpaceX Launches Its Largest Satellite Ever Which Is Nearly The Size Of A Bus | CNBC
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CNBC Marathon explores how Tesla, Rivian and Dodge’s new electric vehicles are transforming the automotive industry.
Over the past decade, Dodge has dug deep into its performance car heritage and become a brand known for brash American muscle cars with supercharged V-8 engines and ridiculous amounts of horsepower. But tightening regulations, rising fuel prices and the rise of the SUV are putting the squeeze on Dodge’s so-called “brotherhood of muscle.” It recently debuted the Charger Daytona SRT EV, an electric car that looks a lot like its popular supercharged Challenger and Charger. Will Dodge fans or EV buyers want it?
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
A new electric vehicle company hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon to build 100,000 electric delivery vans could help it succeed. Founded in 2009, Rivian is focusing on upscale electric trucks and SUVs with an emphasis on outdoor adventure. CNBC’s John Rosevear calls them the “Patagonia of electric vehicles.” Last month, Rivian and Amazon rolled out the first of the electric vans. They are starting to deliver packages in a handful of cities, including Seattle, Baltimore, Chicago and Phoenix.
After manufacturing’s 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Midwest. This region once dominated the auto industry before rising global trade and automation sent domestic manufacturing employment into a tailspin. U.S. leaders hope that new laws such as the Inflation Reduction Act of 2022 will help businesses create the green manufacturing jobs of the future.
Chapters:
00:00 — Introduction
00:48 — Will Dodge’s Electric Muscle Car Satisfy Its Die-Hard Fans? (Published October 2022)
15:31 — Does The Tesla Semi Live Up To The Hype? (Published February 2023)
31:33 — How Amazon Is Giving Rivian An Edge In The EV Industry (Published August 2022)
44:50 — How Electric Vehicles Will Change The Midwest Economy (Published September 2022)
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How Car Makers Are Switching To EVs | CNBC Marathon
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Lowered compliance costs, greater control over products, more big engines, more pickup trucks. These are just some of the changes investors expect from the rollback of fuel economy rules and the elimination of fines. Data indicate pent up demand for pickup trucks, and many automakers are bringing back V-8 engines. At the same time, hybrid vehicles are surging, and electric vehicles have longer term structural demand in their favor.
Chapters:
0:00 Introduction
01:23 Chapter 1: New rules
03:01 Chapter 2: Why this matters
04:52 Chapter 3: Challenges
06:22 Chapter 4: Fuel efficiency
Produced by: Robert Ferris
Edited by: Darren Geeter
Camera by: Ryan Baker
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, Ford, GM
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Why Fuel Economy Rollbacks Will Spur More Trucks, More V-8 Engines
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U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
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