American Dollar to Canadian Dollar = 0.811877; American Dollar to Chinese Yuan = 0.158154; American Dollar to Euro = 1.244199; American Dollar to Japanese Yen = 0.009153; American Dollar to…

The American Trucking Associations praised the leaders and members of the House Transportation and Infrastructure Committee for their work in advancing the INVEST in America Act to the House floor. “Chairman DeFazio and the entire committee have produced a solid piece of legislation that authorizes a real and significant increase in funding for our roads and bridges, as well as a broad range of policies to improve highway safety,” said ATA President and CEO Chris Spear. “ATA supports this bill and appreciates the hard work of the committee members and staff, and we look forward to working with Congress to further improve this important bill as it continues through the process, and securing bipartisan support for an infrastructure investment package that provides real money for our roads and bridges.”

The effects of the Iran war are being felt across the global supply chain, as container rates rise sharply on vital headhaul trade routes including to the United States, an analyst said.  “Five weeks into the Strait of Hormuz closure and spot rates on every major east-west trade lane have risen sharply, showing this is a conflict with global repercussions for ocean supply chains,” said Peter Sand, Xeneta chief analyst. “No shipper is insulated from financial or operational risk. Far East to U.S. West Coast – a trade which transits the Pacific thousands of miles from the epicenter of conflict – has seen spot rates climb 29% since the end of February.”