AAA Daily Fuel Gauge Report for Friday, 6/23/23

American Dollar to Canadian Dollar = 0.705331; American Dollar to Chinese Yuan = 0.137629; American Dollar to Euro = 1.047139; American Dollar to Japanese Yen = 0.006551; American Dollar to Mexican Peso = 0.049099.

American Dollar to Canadian Dollar = 0.796372 American Dollar to Chinese Yuan = 0.147749 American Dollar to Euro = 1.164496 American Dollar to Japanese Yen = 0.008982 American Dollar to Mexican Peso = 0.057086

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.6% in January after increasing 0.9% in December. In January, the index equaled 115.5 (2015=100) compared with 114.9 in December. ATA recently revised the seasonally adjusted index back five years as part of its annual revision. “January’s gain was the sixth straight totaling 4.4%,” said ATA Chief Economist Bob Costello. “The index, which is dominated by contract freight with only small amounts of spot market truck freight, is off 3.9% from the all-time high in August 2019 and only 1.5% below March 2020 when the pandemic hit. In January, truck tonnage was helped by rising retail sales and factory output. While housing starts fell last month, which is another important driver of truck tonnage, it remained at high levels.”