Key Currency Exchange Rates for Friday, 4/9/21

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 6.3% in October after gaining 5.7% in September. In October, the index equaled 106.8 (2015=100) compared with 114 in September. “While there are indications that the economy is losing momentum, I believe October’s tonnage softness was more of a seasonal issue during a pandemic than anything else,” said ATA Chief Economist Bob Costello. “Typical seasonality is off this year and it was a reason why October was down so much. Not seasonally adjusted tonnage was down a fraction as much as normal over the last five years during September, leading to a big seasonally adjusted gain. However, that means October’s not seasonally adjusted tonnage grew less than half as much as it typically does, leading to a big drop in the seasonally adjusted figure. There are plenty of carriers still saying that tonnage, retail tonnage in particular, is good.”

National Average Price for Regular – Current: $2.466; Month Ago: $2.571; Year Ago: $2.225. National Average Price for Diesel – Current: $2.738; Month Ago: $2.725; Year Ago: $2.422.

Sun Chemical has named Cyngient as a strategic distribution partner of its inks, coatings, and other solutions for offset, narrow web tag and label (NWTL), commercial sheetfed and folding carton printers. The new partnership allows Sun Chemical and Cyngient to reach their North American inks customers faster and more efficiently, and jointly provide customers with technical and product support. Cyngient customers will now have access to Sun Chemical’s full range of solutions for the marketplace which can be combined with many of Cyngient’s specialties, including special effects, soft touch and tactile coatings, cold foil solutions, and in-mold products. Click Read More below for additional information.