As the Russian invasion of Ukraine continues and fuel prices soar at the fastest rate ever recorded by the Energy Department, President Biden on March 31 announced an unprecedented release of crude oil from the nation’s Strategic Petroleum Reserve.
FedEx Founder Stepping Down as CEO
- 20 May 2022
FedEx Corp. founder Fred Smith will become executive chairman effective June 1 and current President and Chief Operating Officer Raj Subramaniam will be promoted to President and CEO.
"Over the course of five decades, Fred built FedEx from the ground up into one of the most iconic and innovative companies the world has ever known," said American Trucking Associations President and CEO Chris Spear. “His contributions have not only benefited our industry; they have helped transform our economy and forever changed the way we all live."
Talking Workforce at the White House
- 20 May 2022
Against the backdrop of three Class 8 trucks on the South Lawn of the White House, representatives from trucking joined President Biden and other leaders on April 4 to tout the administration’s progress on industry workforce initiatives.
President Biden said the programs, “allow aspiring drivers to earn while they learn, while making this essential job more attractive to potential drivers regardless of age, background and gender.”