Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Maersk Line Profit Jumps 57%
Maersk Line, the world’s largest container shipper, reported a 57% jump in first-quarter net operating profit after tax to $714 million, missing the $783 million estimate in a survey conducted by SME Direkt.
May 13, 2015Premier Trailer Leasing Buys Baltimore-Based Vallerie Service Co.
Premier Trailer Leasing said it acquired the assets of Baltimore-based Vallerie Service Co., a provider of trailer and container rental and leasing services with about 1,200 semitrailers and 200 containers.
Retail Sales Disappoint Again
Sales at U.S. retailers changed little in April, starting the second quarter on a weak note as Americans remained reluctant to splurge.
May 13, 2015Virginia Says P3 Partnerships are Working, and the State Wants More
ARLINGTON, Va. — Virginia celebrated 20 years of public-private partnerships for infrastructure, recommended them to other states and is looking for a P3 arrangement to improve Interstate 66, which runs from Washington, D.C., to the west.
Va. Gov. McAuliffe Says Congressional Inaction Imperils Road Projects
ARLINGTON, Va. — Virginia’s governor said his state will soon have to begin shutting down transportation improvement projects if Congress does not fund and reauthorize the federal Highway Trust Fund before the end of this month.
Sen. Fischer Proposes Infrastructure Bank Legislation
With less than two weeks before funding authority for transportation projects expires, Sen. Deb Fischer (R-Neb.) on May 12 introduced legislation that would establish an infrastructure bank.
May 12, 2015Replay: LiveOnWeb Tackles Highway Funding Issue
Watch the replay: With the clock ticking for Congress to come up with a road funding plan, LiveOnWeb penetrates to the heart of the matter: How do we overcome this perpetual highway funding roadblock?
May 12, 2015Trucking Tops $700 Billion Revenue Mark
Trucking industry revenue set a record last year, reaching $700.4 billion, American Trucking Associations reported.
May 12, 2015DOE Boosts 2015 Diesel-Price Forecast But Lowers 2016 Outlook
The Department of Energy bumped its forecast for 2015 diesel prices up by 2 cents to $2.88 a gallon, but lowered its 2016 forecast by 12 cents.
American Society of Transportation and Logistics, APICS to Merge
The American Society of Transportation and Logistics and APICS, an association representing supply chain and operations management professionals, have agreed to merge.
May 12, 2015