Business

The owners of more than two-thirds of the 2,200 new Class 8 trucks bought with the assistance of $20,000 each in Port of Los Angeles grants face financial penalties because their trucks will not make the required 300 gate moves during their first year of operation, port officials said.

FedEx Corp. posted a 146% increase in quarterly net income driven by explosive growth in returns at its air express division and a nearly one-third increase in ground parcel delivery profits, the second-largest company in North American freight transportation said March 18.

Electronic onboard recorders should be mandatory for all truckers operating in North America, the president of the Canadian Trucking Alliance said.

President Obama on March 18 signed into law an extension of the highway bill through the end of the year as part of a $17.6 billion package of tax incentives and bonding proposals aimed at spurring job creation.

The U.S. retail diesel price average rose another 2 cents to a 16-month high of $2.924 a gallon last week, the fourth straight increase, the Department of Energy reported.

Electronic onboard recorders should be mandatory for all truckers operating in North America, the president of the Canadian Trucking Alliance said.

The Federal Motor Carrier Safety Administration has moved a step closer to publishing two key trucking regulations — a final rule mandating that some fleets use electronic onboard recorders and a proposal aimed at limiting texting and other distracting activities by drivers.

The Federal Motor Carrier Safety Administration said Friday that 74% of commercial truck and bus drivers are now using their safety belts, up from 65% in 2007.

DHL said that it has partnered with American Airlines Cargo to help pharmaceutical industry shippers prepare for new Transportation Security Administration screening guidelines set for Aug. 1.