Key Currency Exchange Rates for Friday, 6/29/18

Futures fell as much as 1.1 percent in New York and are set for a 2.6 percent drop this week. Trump ordered his administration to consider levies on an additional $100 billion in imports from the Asian nation, spurring a flight from risk assets on concern a full-blown trade war will deter global economic growth. That was only a day after both American and Chinese officials signaled they’re willing to talk about the escalating conflict. “We now have to start looking at the U.S.-China trade war as a downward geopolitical risk,” said Olivier Jakob, managing director at consultants Petromatrix GmbH. “This is starting to not be funny anymore, and there is a risk to reach a point where global asset markets become tired of the White House wars and move back into cash.” Click Read More below for additional information.

National Average Price for Regular Unleaded Current: $2.189; Month Ago: $2.178; Year Ago: $2.721. National Average Price for Diesel Current: $2.432; Month Ago: $2.436; Year Ago: $2.988.

Among the key findings in ATA Freight Transportation Forecast 2023 to 2034 are: *Overall truck tonnage will grow from an estimated 11.3 billion tons this year to 14.2 billion tons in 2034. This represents 72.4% of the freight tonnage in 2023 and 72.6% of tonnage at the end of the forecast period. *Trucking’s revenues will grow from $1.01 trillion in 2023 to $1.51 trillion in 2034, which will account for 78.8% of the freight market. *In other modes: o As coal and bulk petroleum shipments wane over time, rail carload tonnage will fall from 11% of total freight to 10.1% by 2034. o Rail intermodal revenues will grow from $21.7 billion in 2023 to $35.2 billion in 2034. o Air cargo tonnage will grow from 17.6 million tons this year to 23.7 million tons in 2034. o Pipelines will see their share of freight tonnage grow from 9.8% in 2023 to 10.4% in 2034.