Key Currency Exchange Rates for Friday, 10/23/20

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.5% in January after increasing 1.2% in December. In January, the index equaled 111.0 (2015=100) compared with 115.0 in December. ATA recently revised the seasonally adjusted index back five years as part of its annual revision. “January’s data was a snap back to reality for anyone thinking the freight market was about to turn the corner,” said ATA Chief Economist Bob Costello. “Bad winter weather in January likely hurt volumes, not to mention sharp drops in a number of drivers of tonnage including retail sales, housing starts and manufacturing output.” December’s increase was revised down from our January 23 press release. Compared with January 2023, the SA index fell 4.7%, which was the eleventh straight year-over-year decrease. In December, the index was down 0.8% from a year earlier.

UPS continues to provide essential service amid the ongoing coronavirus outbreak to support the needs of our customers. Our goal is to ensure businesses and customers are able to meet their shipping needs while demand has increased for shipping services. One or more Peak Surcharges will apply to packages shipped during the specified Peak Periods for the origins, destinations, and service levels and in the amounts set forth below. Peak Surcharges apply in addition to all other applicable Charges. Peak Surcharges are subject to change and Peak Periods may be extended or otherwise changed. Shippers should continue to check ups.com/peaksurcharge for updates prior to tendering shipments. details at: https://www.ups.com/assets/resources/media/en_US/2021_UPS_Peak_Surcharges.pdf

American Dollar to Canadian Dollar = 0.781652; American Dollar to Chinese Yuan = 0.149790; American Dollar to Euro = 1.056755; American Dollar to Japanese Yen = 0.007809; American Dollar to Mexican Peso = 0.050246.