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Road and Rail Trucking

  • Driverless trucks rev up

    Discussing the future of trucking as autonomous trucks are making their way onto the road, with Jason Seidl, Cowen Group airfreight & surface transportation analyst.

  • SAN FRANCISCO, Feb 23- Alphabet Inc's Waymo self-driving car unit sued Uber Technologies and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology. "Uber's LiDAR technology is actually Waymo's LiDAR technology," said Waymo's complaint in the Northern District of California.

  • WARREN, Mich. _ Universal Truckload Services Inc. on Thursday reported fourth-quarter earnings of $2.7 million. On a per-share basis, the Warren, Michigan- based company said it had net income of 10 cents. For the year, the company reported profit of $24.2 million, or 85 cents per share.

  • PROVIDENCE, R.I.— Rhode Island police have arrested a third suspect in the theft of a truckload of diapers worth about $90,000. State Police say Dalzon leased the Providence storefront where detectives found 800 boxes of diapers last week. Police have said Audrey Bettis sold the diapers instead of delivering them to an Amazon distribution facility in Fall...

  • Sales at its logistics business, under which the company offers services such as warehousing and distribution, rose 8.6 percent to $1.38 billion in the fourth quarter ended Dec. 31. The company sold its truckload shipping business, acquired as part of its $3 billion Con-way deal, to Canadian trucking company TransForce Inc for $558 million in October.

  • Transports ride into record territory

    Chris Wetherbee, Citi, provides his outlook on the Dow Jones Transportation Average as growth continues in the transport sector fueled by freight volume and "seasonal" weather patterns.

  • The truckmaker's shares fell as much as 11.59 percent to $26.25 in morning trading on Tuesday. Heavy-duty truck orders have been declining as trucking companies adjust their fleets amid lackluster retail sales and industrial output in the United States. Navistar expects 2017 class 8 industry volumes to range between 190,000 and 220,000 trucks while class...

  • Warning sign for transports?

    Carter Worth, Cornerstone Macro head of technical analysis, goes to the charts to discuss why weakness may be ahead in the transportation sector. The "Fast Money" traders weigh in.

  • FedEx, UPS struggles bullish for retail?

    The "Fast Money" traders discuss why bad news for FedEx and UPS could be good news for retail.

  • Transports in high gear: Time to buy or bail?

    Jason Seidl, Cowen Group transports analyst, weighs in on the transportation sector.

  • Trucking falls despite approaching holiday season

    CNBC's Morgan Brennan reports the latest problems in the trucking industry, including orders for heavy duty commercial trucks dropping nearly 50%, and what this means for the economy.

  • GREEN BAY, Wisc., Oct. 14- A new regulation that will force U.S. trucking companies to electronically log employee hours is designed to limit accidents by keeping tired drivers off the road. The Federal Motor Carrier Safety Administration forecasts the regulation would save 26 lives per year and prevent 562 injuries. "Some of the smaller companies are just not...

  • *Jens Bjorn Andersen plans to keep DSV asset-light. COPENHAGEN, Oct 4- Denmark's DSV, which became the world's fifth largest freight transportation company by buying up competitors, is considering more large acquisitions to expand in a fragmented market despite weak growth in global trade. DSV's culture is embodied in chief executive Jens Bjorn Andersen,...

  • Uber eyes trucking for the long haul

    The company is working to establish itself as a freight hauler and a technology partner for the industry.

  • SAN FRANCISCO, Sept 27- With its recent acquisition of self-driving truck startup Otto, Uber Technologies Inc. is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry. Otto plans to expand its fleet of trucks from six to about 15 and is forging partnerships with...

  • SIMFEROPOL, Crimea/ MOSCOW, Sept 21- Products for sale in the Crimean stores of two European retailers are being shipped there from Russia via a ferry and port that are subject to EU sanctions, people involved in the transportation said, suggesting companies are finding ways around the punitive economic regime facing Moscow since 2014.. Products carrying the...

  • SEOUL, Sept 19- All Hanjin Shipping Co Ltd chartered vessels that have completed unloading their cargo have been told to cancel their charter agreements and return the ships to the shipowners, a South Korean judge said on Monday. The company returned three bulk carriers earlier this month, a Hanjin Shipping spokeswoman said on Monday. Current delays in...

  • Sept 16- Schneider National Inc, one of the largest truckload carriers in the United States, is exploring an initial public offering that could value it at as much as $5 billion, including debt, people familiar with the matter said on Friday. The company may seek to raise as much as $700 million in its IPO, one of them added. In June, Schneider National acquired Lodeso...

  • SEOUL/ SYDNEY, Sept 13- The chairman of Hanjin Group transferred 40 billion won to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said, but regulators warned securing further funds could take "considerable time". The parent of Hanjin Shipping pledged last week to raise 100 billion won to help rescue cargo in...

  • Sept 13- The bankruptcy of Korea's Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. "If it's not fixed in the...