About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
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West Coast docks are paralyzed as employers and longshoremen continued to spat about contracts and congestion problems. There are plenty of losers. Exporters, like farmers and ranchers, can’t get their perishables to Asian markets during the Lunar New Year when demand for fruit and meat is particularly high. And importers large and small are beginning to …
Goods in cargo containers are stalled at the West Coast ports, disrupting billions of dollars in trade.
The West Coast port slowdown is weighing on the toy industry.
Work resumes at the West Coast ports after the weekend shutdown, but is the damage already done?
Taxi cab service app Uber has opened a research center in the U.S. to explore new mapping and driving technology – a move analysts believe could eventually mean driverless cars. Uber will set up an Advanced Technologies Center in partnership with Carnegie Mellon University (CMU) in Pittsburgh. “The center will focus on the development of …
One shipping analyst calls the congestion at ports in Los Angeles and Long Beach the “worst-ever on record.” For months, both shippers and longshoremen have accused each other of intentionally slowing operations to gain leverage in contract negotiations that began last May. Congestion was already building due to more ships, larger ships and a lack …
UPS shares plunged Friday after the company warned profits for the fourth quarter would come in well less than Wall Street expected. But its competitor FedEx reaffirmed its fiscal 2015 outlook a couple of hours later, saying it expected continued economic growth and cheap fuel. FedEx shares fell 2 percent, while UPS shares fell 10 …
More and more businesses are getting frustrated with the labor and traffic problems on the West Coast. Some 174 industry groups representing agriculture, manufacturing, retailers, and other import/export operations sent a letter Friday to the dockworkers’ union and port terminal operators telling them to get their act together and agree to a contract. “As customers …
Morgan Brennan takes a look at how the sharp drop in oil prices is impacting railroad operators.
If you’re a woman looking for a female cabbie, there’s an app for that. SheTaxis is a recently launched New York taxi start-up that connects female passengers with female drivers.
Morgan Brennan tells us what’s behind the rough ride for transports in 2015.
FedEx and UPS rate increases recently took effect while fuel prices, a key cost for shippers, are at record lows. Crude oil broke $50 a barrel, the lowest in nearly six years. So what else is driving changes in shipping prices? The answer, in short, likely includes the Amazon effect. U.S. trucking tonnage is at …
A dockworkers’ slowdown at West Coast ports is costing companies millions of dollars.
Morgan Brennan followed the shipping route of one holiday gift box to see just how complex the process really is.
A wicked East Coast storm is making holiday travel a mess, but as Phil LeBeau tells us, drivers have a few things to be thankful for.