National Average Price for Regular Unleaded Current: $3.194; Month Ago: $3.183; Year Ago: $2.182. National Average Price for Diesel Current: $3.300; Month Ago: $3.294; Year Ago: $2.407.

Trucking activity in the United States slipped in May as the freight market remained choppy. Specifically, truck freight tonnage decreased 0.1% after gaining 0.5% in April, according to the American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index. “The seesaw freight demand pattern continued in April, making it difficult to discern any clear pattern in the market,” said ATA Chief Economist Bob Costello. “Excluding the services economy — the largest part of economic activity— the goods market is all over the map, thus impacting freight levels. Construction is soft, manufacturing is up and down, and consumers are cautious.” In May, the ATA advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index equaled 113.8, down from 113.9 in April. The index, which is based on 2015 as 100, was down 1.3% from the same month last year, the first year-over-year decrease in 2025. Year-to-date, compared with the same period in 2024, tonnage was up 0.1%.

UPS has begun sending letters to about 105,000 package van drivers offering them voluntary severance packages worth $150,000, to resign, the company confirmed on Wednesday. A federal judge last week cleared the freight transportation giant to move ahead with buyout offers over objections from the Teamsters union. UPS (NYSE: UPS) has decided to reduce headcount by 30,000 this year as part of a network consolidation plan aimed at reducing costs and improving efficiency amid declining parcel volumes. During court arguments, Teamsters lawyers said the union expects up to 10,000 drivers to accept the company’s offer.