AAA Daily Fuel Gauge Report for Friday, 08/18/2017
National Average Price for Regular – Current: $2.341; Month Ago: $2.258; Year Ago: $2.135.
National Average Price for Diesel – Current: $2.528; Month Ago: $2.443; Year Ago: $2.301.
http://gasprices.aaa.com/
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The EU has agreed US commodities pose “negligible risk” to global deforestation
The United States and European Union have penned a framework agreement on transatlantic trade in which they agree US commodities including cattle, soy and wood pose zero deforestation risk.
The US has been assigned a "low risk" status along with EU states. A new "neglibible status" is being discussed in Europe. If this status come in to being than the US would seek this status.
A product is considered "neglible risk" when due diligence processes find there is no cause for deforestation concern.
ATA Truck Tonnage Index Fell 2% in April
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 2% in April after rising 1.8% in March. In April, the index equaled 115.8 (2015=100) versus 118.2 in March. “After eight straight gains totaling 6.9%, for-hire tonnage finally slid back in April. Despite being the largest sequential drop since August 2020, the index was still above where it started in 2022 and a year earlier,” said ATA Chief Economist Bob Costello. “It is important to note that ATA’s for-hire tonnage data is dominated by contract freight with minimal amounts of spot market loads. The spot market has softened more than for-hire contract freight, as the market transitions back to pre-pandemic shares of contract versus spot market," Costello said.