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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 …

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The Port of Los Angeles

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 …

Oil’s ripple effect on rails

Morgan Brennan takes a look at how the sharp drop in oil prices is impacting railroad operators.

Source: CNBC
Nancy, driver for SheTaxis

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.

Rough ride for transports

Morgan Brennan tells us what’s behind the rough ride for transports in 2015.

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Workers prepare to offload an incoming FedEx plane in Newark, New Jersey.

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 …

West Coast port problems

A dockworkers’ slowdown at West Coast ports is costing companies millions of dollars.

Tracking a package

Morgan Brennan followed the shipping route of one holiday gift box to see just how complex the process really is.

Winter storm disrupts Thanksgiving travel

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.

Air charters get a lift on port standoff

A standoff in contract talks at the ports of Los Angeles and Long Beach has turned into a boon for the air charter business.

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The Uber app on a mobile phone in Madrid, Spain.

Uber, the taxi-hailing app, has unveiled a new feature that will enable passengers to listen to their own Spotify playlists as they travel, in what the group has described as a “first of its kind partnership”. In a call to investors on Monday afternoon, Uber CEO Travis Kalanick announced plans to team up with the …

Transports riding high

The Dow Transport Index is near a record, with more goods and people hitting the roads, rails and taking to the skies.

Are shippers ready for the holidays?

With the holidays around the corner, shippers are expecting a record season, but are they prepared for the rush?

Mahindra expands in the U.S.

Mahindra Group plans to expand its electric scooter business in the U.S.

Rail gridlock

With more goods moving across the country by rail, gridlock has become a big problem and its costing rail operators billions of dollars.