AAA Daily Fuel Gauge Report for Friday, 5/17/24

National Average Price for Regular Unleaded Current: $4.593; Month Ago: $4.114; Year Ago: $3.043. National Average Price for Diesel Current: $5.570; Month Ago: $5.056; Year Ago: $3.175.

National Average Price for Regular Unleaded Current: $4.243; Month Ago: $3.572; Year Ago: $2.870. National Average Price for Diesel Current: $5.079; Month Ago: $3.979; Year Ago: $3.103.

UPS has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. for $800 million, subject to working capital and other adjustments. “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International Inc.,” said UPS Chief Executive Officer Carol Tomé. “The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” The decision to sell UPS Freight was reached following a thorough evaluation of the UPS portfolio, and aligns with the company’s “better not bigger” strategic positioning. UPS and TFI International will also enter into an agreement for UPS Freight to continue to utilize UPS’ domestic package network to fulfill shipments, for a period of five years.