Business

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.

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.

Sales at U.S. retailers changed little in April, starting the second quarter on a weak note as Americans remained reluctant to splurge.

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.

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.

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.

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?

Trucking industry revenue set a record last year, reaching $700.4 billion, American Trucking Associations reported.

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.

The American Society of Transportation and Logistics and APICS, an association representing supply chain and operations management professionals, have agreed to merge.