A member of the media picks up a shredded box at a section of the Union Pacific train tracks in downtown Los Angeles, Friday, Jan. 14, 2022. Thieves have been raiding cargo containers aboard trains nearing downtown Los Angeles for months, leaving the tracks blanketed with discarded packages. The sea of debris left behind included items that the thieves apparently didn't think were valuable enough to take, CBSLA reported Thursday. (AP Photo/Ringo H.W. Chiu)
Crews made railroad repairs in Los Angeles Monday after a train derailed near the location where thieves have been raiding cargo containers, leaving the tracks littered with emptied boxes of packaged good sent by retailers.
It wasn't immediately clear if the derailment that happened Saturday was caused by the debris left behind by thieves in the Lincoln Heights area near downtown Los Angeles. Union Pacific said the cause of the derailment was under investigation.
The derailment caused 17 train cars to go off the tracks, Union Pacific said in a statement. No injuries were reported.
Cargo containers aboard trains have been targeted by thieves for months, authorities said. The stolen packages are from retailers including Amazon, REI and others, the CBSLA television newscast reported last Thursday.
Union Pacific said in a statement to CBSLA that the railroad was concerned about increased cargo thefts in California.
“We have increased the number of Union Pacific special agents on patrol, and we have utilized and explored additional technologies to help us combat this criminal activity. We also will continue to work with our local law enforcement partners and elected leaders,” the railroad company said.
Amazon said it was directing inquiries to police. The United Parcel Service declined to comment on investigations into the cargo thefts but said the company was cooperating with authorities.
Google announced it will be updating its privacy restrictions that will limit tracking throughout apps on android devices. The update is similar to Apple's previous update, which ended up causing companies like Meta to lose billions of dollars on the market. Cheddar News was joined by David Trainer, CEO of New Constructs, to discuss the implications of the new privacy updates.
Global semiconductor sales topped $500 billion dollars for the first time in history in 2021. Demand for microchips has been at an all-time high amid a global shortage, but questions still remain about the future of semiconductor production. Cheddar News was joined by Tristan Gerra, Senior Research Analyst at Baird, to answer some of these questions and more.
Stephen Gardner, director at ETF Managers Group, explains why investors shouldn't be rushing to sell vaccine stocks like Moderna or BioNTech even as the spread of COVID-19 slows down.
Keith Smith, President of Direct Digital Holdings, and Mark Walker, CEO of Direct Digital Holdings, discuss the challenges businesses have reaching diverse audiences and the future of programmatic ads.
Compass Inc. reported its Q4 earnings on Wednesday, noting a 31 percent surge in quarterly revenue year over year. The real estate brokerage platform allows agents to promote and market their properties online and saw a 90 percent agent retention rate as well. Compass CEO Robert Reffkin joined Cheddar News to discuss the company's earnings, what ongoing inflation means for the housing market and how they help agents directly. "Let me start by saying my mom is actually a real estate agent, has been the majority of my life. She's a real estate agent today at Compass, and so I built Compass with her in mind," Reffkin said. The goal for an agent is to grow their business and have a better quality of life, more income to support their family, more time to be with their family, and it's not just software. It's a platform of software and services."
While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.