Key Currency Exchange Rates for Friday, 12/8/23

American Dollar to Canadian Dollar = 0.787113; American Dollar to Chinese Yuan = 0.156805; American Dollar to Euro = 1.131219; American Dollar to Japanese Yen = 0.008636; American Dollar to Mexican Peso = 0.048909.

Sun Chemical has acquired the Metal Deco ink business of PPG, a US-based global supplier of paints, coatings and specialty materials. PPG, with a well consolidated portfolio, and Sun Chemical are both long standing players in the metal packaging industry. Through the acquisition, which reflects Sun Chemical’s strategy to grow by acquiring businesses that complement areas of its existing operations, Sun Chemical will expand both its operational territories and its overall position in the global Metal Deco market. By combining PPG’s complementary portfolio of Metal Deco products with those of Sun Chemical, customers will benefit from further innovative solutions and what will be the widest ink portfolio in the metal decoration market. Click Read More below for additional information.

“The slow, and choppy, climb off of the bottom continued in October,” said ATA Chief Economist Bob Costello. “Since hitting a low in January of this year, tonnage is up a total of 3%, plus the index is up sequentially in three of the last four months. No doubt the freight market has improved – albeit slowly – over the course of the year.” In October, the ATA advanced seasonally adjusted For-Hire Truck Tonnage Index equaled 114.6 compared with 113.3 in September. The index, which is based on 2015 as 100, equaled the reading from the same month last year. The not seasonally adjusted index, which calculates raw changes in tonnage hauled equaled 121.3 in October, 8.6% above September. The seasonally adjusted increase follows a decline in September, which was revised up slightly from the October 22 press release.