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.
Commercial and residential buildings account for 13% of carbon emissions in the U.S., according to the EPA, and one company says it has a solution. Runwise says it has updated the boiler and heating systems of thousands of buildings, and that its technology not only lowers carbon output but also saves landlords money. Lee Hoffman, Co-Founder and COO of Runwise, joined Cheddar Climate to discuss.
Kirsten Jordan, real estate broker and star of 'Million Dollar Listing New York,' joins Cheddar News to talk about the state of New York City real estate, tips for homebuyers, and season 9 of the Bravo show.
Following sales tech startup Scratchpad raising $33 million in Series B Funding, CEO and co-founder Pouyan Salehi joined Cheddar to discuss how his company's software works to help salespeople with an all-in-one workspace, integrating with Salesforce to optimize notes, spreadsheets, and other relevant information so businesses can forecast and make the best decisions. "If you look at other crafts like artists, they'll have studios; chefs, they'll have kitchens; scientists will have labs, and we just asked, well, if you look at sales as a craft, why doesn't something exist that is designed solely for a salesperson?" Salehi said about his workspace app.
As the 2022 Beijing Winter Olympics inches closer, sponsors are facing mounting pressure to pull out of the games with China is under fire for controversies like the alleged human rights abuses against its Muslim minority population and the disappearance of tennis player Peng Shuai. Rick Burton, professor of sport management at Syracuse University, joined Cheddar to discuss what he expects to happen once the games begin. Burton said China is too large of a market for American advertisers to ignore, and he doesn't expect any of them to pull out of the games. "Olympic sponsors right now I think are really just trying to hang on and get through these 17 days, come out the other end," he said.
Google could be gearing up to release its own wearable device as rumors swirl about a potential smartwatch with the Pixel brand. Jon Prosser, the creator of Front Page Tech, who tweeted a possible leak about the product, joined Cheddar's "Closing Bell" to discuss potential the benefits of it entering the same space as the Apple Watch. Prosser said, while he doesn't expect it to launch until at least 2023, the Pixel Watch will be "one of the most vital, most important wearables that we can have on the market," noting that it won't likely challenge Apple for much market share but will set the standard for other Android wearables to come.
The Federal Reserve released its highly-anticipated research weighing the pros and cons of a digital dollar in the U.S. The report comes as economic rivals like china have already piloted their own central bank digital currencies. Edward Moya, Senior Market Analyst, The Americas, Oanda, joined Cheddar's Opening Bell to discuss.
Tax season is now underway, and it's going to be a bit different than in years past. For starters, the deadline is April 18, instead of the typical April 15th, and many Americans will need to account for advance child tax credit payments, the return of the recovery rebate credit, and a special break for charitable contributions, among other things. Brent Weiss, Co-Founder and certified financial planner at Facet Wealth, tells us what we need to know about filing our taxes this year, and when we can expect to receive our returns.
American semiconductor company, Intel officially announcing plans to build a new $20 billion chip manufacturing complex outside Columbus, Ohio. This comes as the global chip shortage continues to hamper production of everything from smart phones, to cars. Jennifer Smith - Logistics and Supply Chain Reporter, WSJ joined Cheddar's Opening Bell to discuss.