The American Trucking Associations expressed grave concerns about media reports that the Environmental Protection Agency may be on the verge of granting the state of California waivers to implement potentially harmful and unrealistic emissions rules. “Our industry hopes these reports aren’t true. We have worked tirelessly with EPA on aggressive, achievable timelines for emissions reductions over decades. In fact, a truck in 1988 emitted as much as 60 trucks today – a more than 98% reduction – and we’re committed to the path to zero,” said ATA President and CEO Chris Spear. “If the reports are in fact accurate, let us remind you that this isn't the United States of California. As we learned in the pandemic, the supply chain can be a fragile thing – and its integrity must be preserved at the national level. This decision has little to do with improving the environment, and everything to do with placating the far left of the environmental lobby without regard for the hard-working men and women of our industry or our country who will be left to implement California’s vision for America.

After jumping 2.2 percent on Monday, futures added 1 percent in New York on Tuesday. European and Asian stocks rose as President Donald Trump faced resistance to plans for a series of import tariffs, while a diplomatic breakthrough with North Korea also boosted optimism. Still, the International Energy Agency’s warning that OPEC production cuts will unleash a supply surge from the U.S. and other producers maintained a note of caution in the market. The production cuts that helped push prices above $60 a barrel are triggering a flood of supply from OPEC’s rivals including Brazil and Canada, which will cover all growth in global demand until 2020, the IEA said. The agency may also raise its forecast for U.S. output if oil stays above $60 a barrel, Birol said during the CERAWeek oil conference in Houston. Non-OPEC growth is so strong that the oil market will change for years, he said. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.784280; American Dollar to Chinese Yuan = 0.152912; American Dollar to Euro = 1.225195; American Dollar to Japanese Yen = 0.009681; American Dollar to Mexican Peso = 0.050508.