National Average Price for Regular Unleaded Current: $2.164; Month Ago: $2.119; Year Ago: $2.596. National Average Price for Diesel Current: $2.441; Month Ago: $2.363; Year Ago: $3.008.

Christopher DeLetto has been appointed Chief Financial Officer, effective immediately. Christopher has played a key role in advancing the company’s acquisition strategy and supporting long-term growth initiatives. Christopher succeeds his father, Ralph DeLetto, with whom he worked closely over the last year, and who generously shared his knowledge and experience to help prepare Christopher for this important leadership role. With a background in investment banking and private equity, Christopher brings strong financial expertise and strategic insight to MIDLAND. In his new role as CFO, he will oversee all financial functions of the company and play a key role in shaping MIDLAND’s strategic direction and continued growth. “Christopher has quickly become an important part of our leadership team,” said Mike Graves, President and Chief Executive Officer of MIDLAND. “He knows our business, he brings great financial skills, and he has a deep connection to MIDLAND’s history. Jim (O’Toole) and I are confident he’ll do a terrific job in his new role.”

Trucking activity in the United States slipped again in April as the freight market remained choppy early in the second quarter. Specifically, truck freight tonnage decreased 0.3% after contracting 1.5% in March, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index. “After surging 2.8% in February, and hitting the highest level since late May 2024, tonnage fell a combined 1.8% in March and April,” said ATA Chief Economist Bob Costello. “Unfortunately, a recovery that was expected this year hasn’t transpired as the industry deals with a freight market in flux from tariffs and softening economic indicators.” In April, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 113.0, down from 113.3 in March. The index, which is based on 2015 as 100, was up 0.1% from the same month last year, the fourth straight year-over-year increase, albeit the smallest increase over this period.