Curing congestion on the rails

More goods are moving by rail and that’s causing a big headache on the tracks. As Morgan Brennan reports, companies are making big investments to fix the problem.

America’s freight boom

One mode of transportation, used by a wide variety of industries and companies, is growing at a faster pace than all others.

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Delta Airlines plane at LaGuardia airport

This story is developing. Please check back for further updates. Delta flight 1086 from Atlanta to LaGuardia Airport slid off the runway when landing Thursday morning, according to a Federal Aviation Administration official. According to that official, the plane is a McDonnell Douglas MD-88. LaGuardia Airport was closed immediately after the incident occurred. The FAA …

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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 …

Port disruption costs billions

Goods in cargo containers are stalled at the West Coast ports, disrupting billions of dollars in trade.

Port slowdown costs toymakers

The West Coast port slowdown is weighing on the toy industry.

West Coast ports operations resume

Work resumes at the West Coast ports after the weekend shutdown, but is the damage already done?

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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 …

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A Maersk Line container ship is unloaded and refueled at the Port of Los Angeles in San Pedro, Calif.

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 …

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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 …