Officials from the Pacific Maritime Association and the International Longshore and Warehouse Union resumed negotiations on Thursday morning at the San Francisco headquarters of the association, said Craig Merrilees, a spokesman for the union. The waterfront cargo slowdowns have coincided with prolonged labor talks between 20,000 dockworkers and the...» Read More
NEW YORK, Dec 9- Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that added Swift shares to their...
Dec 9- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner had resigned and Edward Feitzinger would replace him, effective immediately. Kirchner joined UTi as CEO in January 2009 from parcel delivery company United Parcel Service Inc, where he led its freight forwarding business. The company denied last week a Bloomberg report saying it...
Dec 3- Logistics company UTi Worldwide Inc said it held "exploratory" talks to be acquired by Nordic trucking company DSV A/S, denying a Bloomberg report that discussions were at an advanced stage. "UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV A/S, those discussions never progressed...
Jason Seidl, Cowen & Company, provides perspective on what's driving transports higher as oil prices slide lower.
Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...
MOMBASA, Kenya, Oct 3- Protesters in Kenya ended a blockade on Friday that had disrupted the transport of cargo by truckers on the main trade artery from Mombasa port to Nairobi and the wider east African region. At least 90 percent of all cargo arriving at the Indian Ocean port of Mombasa is ferried to final destinations in Kenya and landlocked neighbours by road,...
MOMBASA, Kenya, Oct 3- Protesters in Kenya blocked truckers on the only highway from Mombasa port to the capital Nairobi on Friday, threatening to choke the main trade artery with much of east Africa. Kenya's government has said about 30,000 Kenyan workers would be employed to build a multi-billion dollar standard gauge railway from Mombasa to Nairobi, with only...
CNBC's Phil LeBeau; Sir Richard Branson, Virgin Group founder, and Mike Roeth, Carbon War Room, discuss reducing carbon output.
Sir Richard Branson, Virgin Group founder, and Mike Roeth, Carbon War Room, discuss how trucking companies will likely benefit by reducing fuel usage.
CNBC's Phil LeBeau; Sir Richard Branson, Virgin Group founder, and Mark Roeth, Carbon War Room, discuss a new initiative to make the trucking industry far more efficient.
The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.
LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.
NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.
James Welch, YRC Worldwide, provides the latest read on the trucking industry and weighs in on truck safety. Seventy percent of all truck accidents are caused by a vehicle, but clearly we need to put automation in the cab, Welch points out.
CNBC's Eamon Javers takes a look at highway safety and how new technology is being used to prevent terrible crashes and tragedies on the road.
CNBC's Eamon Javers takes a look at highway safety and long-haul trucking.
BUENOS AIRES, July 11- Argentine truckers said on Friday they would go on strike from July 21 for an indefinite period in a move that could affect the delivery of grains to the main export ports in the agricultural powerhouse.
Drivers in a labor dispute with three trucking companies at the ports of LA and Long Beach began an indefinite strike Monday.
CHICAGO, July 7- As North Americans hit the highways, airports and rails for vacations this summer, it's not hard to believe that some of the most robust stocks are in the transportation industry- particularly in an improving economy.
A slow-motion pile-up is coming into view this summer as federal funding for road construction runs out.