National Average Price for Regular Unleaded Current: $3.162; Month Ago: $3.078; Year Ago: $3.674. National Average Price for Diesel Current: $3.578; Month Ago: $3.601; Year Ago: $4.055.

The 10 Roads group of companies — one of the largest U.S. mail haulers — announced Monday it will wind down all operations over the next 60 days and cease service to the U.S. Postal Service (USPS) by Jan. 30, citing steep revenue losses tied to major USPS network changes. In a statement to FreightWaves, the company said it has faced “continued and significant headwinds” across the transportation sector, compounded by fundamental operational shifts at USPS over the past two years. Those changes include increased use of brokers and the insourcing of transportation work — a trend that 10 Roads said has resulted in a 70% loss of revenue with expectations of further declines, company officials said. The company, which has provided mail-haul transportation to USPS for more than 47 years, said it has formally notified USPS of its intent to discontinue service. “We remain very appreciative of our long-standing relationship with the USPS and are committed to supporting a smooth transition,” the spokesperson added.

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.”