American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index contracted 1% in May after falling 10.3% in April. In May, the index equaled 106.1 (2015=100) compared with 107.2 in April. “While tonnage fell in May, even though other economic indicators like retail sales and housing starts rose, I’m not overly concerned,” said ATA Chief Economist Bob Costello. “First, while down over 10 percent sequentially in April, truck tonnage did not fall as much as other economic indicators that month. This means that any rebound is tougher since tonnage didn’t fall substantially to begin with. Second, there are indications that freight continues to improve as more and more states and localities lift lockdown restrictions.” April’s drop was revised up to -10.3% from the 12.2% decline reported in our May 19 press release.

UPS is doubling down on its customer-first strategy by expanding its end-to-end portfolio with two ground shipping options for residential and commercial shippers: UPS Ground Saver® and UPS® Ground with Freight Pricing. In today’s dynamic market, global logistics continues to evolve, and UPS is moving forward to deliver for customers of all needs and sizes. "UPS is on a mission to transform our customer experience by offering an end-to-end portfolio which provides delivery, returns and pickup services seven-days-a-week," said UPS Chief Commercial and Strategy Officer Matt Guffey. "Ground Saver and Ground with Freight Pricing represent the first of many product enhancements UPS will roll out in 2025."

National Average Price for Regular Unleaded Current: $3.794; Month Ago: $3.923; Year Ago: $3.417. National Average Price for Diesel Current: $5.368; Month Ago: $5.122; Year Ago: $3.643.