Key Currency Exchange Rates for Friday, 1/13/23

National Average Price for Regular Unleaded Current: $3.047; Month Ago: $2.913; Year Ago: $1.991. National Average Price for Diesel Current: $3.190; Month Ago: $3.088; Year Ago: $2.409.

American Dollar to Canadian Dollar = 0.769815; American Dollar to Chinese Yuan = 0.156023; American Dollar to Euro = 1.175389; American Dollar to Japanese Yen = 0.009136; American Dollar to Mexican Peso = 0.048855.

Today, the American Trucking Associations released its latest ATA Freight Transportation Forecast: 2020 to 2031, which is conducted annually by IHS Markit, showing that despite contraction in 2020, the long-term trend for both trucking and overall freight shipments is still positive. Among the findings in this year’s Forecast: *Total freight volumes in 2020 are likely to collapse by 10.6% to 14.6 billion tons, although truck freight volumes falls a smaller 8.8%. *Trucking volumes are expected to rebound in 2021, rising 4.9% next year and then growing 3.2% per year on average through 2026. *Overall freight revenues in 2020 will total $879 billion, rising to $1.435 trillion in 2031.