AAA Daily Fuel Gauge Report for Friday, 9/18/20

UPM Plywood, Arctic Astronautics and Huld announce today a joint mission to launch the first ever wooden satellite, WISA WOODSATTM, into Earth’s orbit by the end of 2021. WISA Woodsat will go where no wood has gone before. With a mission to gather data on the behavior and durability of plywood over an extended period in the harsh temperatures, vacuum and radiation of space in order to assess the use of wood materials in space structures. WISA Woodsat is a nanosatellite designed and built by Arctic Astronautics, and it is based on the Kitsat educational satellite. The satellite measures roughly 10 x 10 x 10 cm and weighs one kilogram. A suite of on-board sensors, including two cameras will be used to monitor the specially coated WISA®-Birch plywood.

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 4.5% in February after rising 1.8% in January. In February, the index equaled 110 (2015=100) compared with 115.2 in January. “February’s drop was exacerbated, perhaps completely caused, by the severe winter weather that impacted much of the country during the month,” said ATA Chief Economist Bob Costello. “Many other economic indicators were also soft in February due to the bad storms, but I continue to expect a nice climb up for the economy and truck freight as economic stimulus checks are spent and more people are vaccinated.” January’s gain was revised up slightly to 1.8% from our February 23 press release. Compared with February 2020, the SA index fell 5.9%, which was preceded by a 1.6% year-over-year decline in January. In 2020, the index was 4% below the 2019 average.

American Dollar to Canadian Dollar = 0.697509; American Dollar to Chinese Yuan = 0.137981; American Dollar to Euro = 1.083983; American Dollar to Japanese Yen = 0.006712; American Dollar to Mexican Peso = 0.049494.