AAA Daily Fuel Gauge Report for Friday, 10/2/20

American Dollar to Canadian Dollar = 0.723402; American Dollar to Chinese Yuan = 0.136645; American Dollar to Euro = 1.054077; American Dollar to Japanese Yen = 0.006668; American Dollar to Mexican Peso = 0.055301.

American Dollar to Canadian Dollar = 0.732769; American Dollar to Chinese Yuan = 0.144541; American Dollar to Euro = 1.097434; American Dollar to Japanese Yen = 0.007346; American Dollar to Mexican Peso = 0.055389.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 7.4% in December after rising 3.2% in November. In December, the index equaled 120 (2015=100) compared with 111.7 in November. “Tonnage ended last year on a high note,” said ATA Chief Economist Bob Costello. “The index not only registered the largest monthly gain since June, but it also had the first year-over-year increase since March. Freight continues to be helped by strong consumption, a retail inventory restocking, and robust single-family home construction. With the stimulus checks recently issued and with a strong possibility of more in the near future, I would expect truck freight to continue rising.” November’s gain was revised down slightly to 3.2% from our December 22 press release. Compared with December 2019, the SA index rose 2.3%. For all of 2020, compared with the same 12-month period in 2019, tonnage was down 3.3%. 2019 had an annual increase of 3.3%.