A coalition of trucking advocacy groups, the U.S. Chamber of Commerce and employment website Indeed teamed up beginning May 2 to offer 500 full scholarships to members of the military and their spouses interested in obtaining a commercial driver license.

The national average price of diesel skyrocketed 34.9 cents to set an all-time record of $5.509 a gallon, according to Energy Information Administration data released May 2.

CHARLOTTE, N.C. — With the average cost of used Class 8 trucks soaring in March to more than $101,000, trucking officials attending fleet management company Corcentric’s annual conference say they fear some in the industry may be priced out of the market.

The U.S. Surface Transportation Board began two days of emergency public hearings April 26 to try to find ways to loosen the still-jammed supply chain.

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

While Union Pacific Corp. delivered first-quarter financial results that outpaced Wall Street expectations, talk of service disruptions across its rail network and those of its competitors was top of mind among company executives who soon must answer to the Surface Transportation Board about those delays.

CSX Corp. reported first-quarter earnings April 20 that beat Wall Street analysts’ expectations.

Container ports in March were operating at, or near, record levels on the Pacific and Atlantic coasts.

March truck tonnage rose 3.8% compared with year-ago levels, and also posted a first-quarter gain over the same period in 2021, American Trucking Associations reported.

XPO Logistics Inc. CEO Brad Jacobs said that the transportation-specific economy remains strong but is slowing and not as vibrant as it was earlier in the year.