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Congress should include comprehensive funding policies in the upcoming transportation reauthorization bill both to modernize freight transportation and reduce diesel emissions, an environmental group said in a report last week.

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.

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.

The Petroleum Equipment Institute is conducting a survey to ascertain the extent of corrosion in petroleum-dispensing equipment that stores ultra-low-sulfur-diesel fuel.

Congress should include comprehensive funding policies in the upcoming transportation reauthorization bill both to modernize freight transportation and reduce diesel emissions, an environmental group said in a new report.

While the air at the Port of Los Angeles is cleaner, the owners of than two-thirds of the 2,200 drayage trucks purchased with $20,000 in port emissions reduction incentive grants face financial penalties because their trucks will not make the required minimum 300 gate moves during their first year of operation, port officials said.

Renewable Energy Group has acquired two biodiesel plants, making it North America's largest biodiesel manufacturer, the company said.

The Transportation Department announced last week it will drop some materials, including paint and diesel fuel, from the list of substances the agency considers dangerous enough to require hazmat motor carriers to file detailed security plans.

The average price for retail diesel rose for a third straight week, this time by 4.3 cents to $2.904 a gallon, to the highest level since November 2008, the Department of Energy reported.