Key Currency Exchange Rates for Friday, 6/09/23

National Average Price for Regular – Current: $2.519; Month Ago: $2.320; Year Ago: $2.223. National Average Price for Diesel – Current: $2.591; Month Ago: $2.477; Year Ago: $2.368.

Futures in New York are up 1.5 percent this week after closing at the highest level in two weeks on Thursday. While the U.S. is pumping near record volumes, exports also jumped to a four-month high last week, helping drain the nation’s stockpiles. Oil stocks in the biggest U.S. storage hub plunged to the lowest level in more than three years. While crude struggled after the best January performance in more than a decade, it’s now finding its footing again as the Organization of Petroleum Exporting Countries and its allies including Russia pledge to persist with output curbs to re-balance the market, and demand remains robust. Click Read More below for additional information.

Coyote Logistics, a leading global third-party logistics (3PL) provider, expanded its Dynamic Route Optimization program that aims to streamline supply chain operations and reduce uncertainty for carriers by maximizing the efficiency of their fleets and delivering load consistency through optimized weekly routing plans. Dynamic Route Optimization builds suggested weekly route plans that optimally direct drivers to and from their domicile location by taking numerous parameters into account, including drivers’ hours provided by the carrier, load attributes, average load and unload times, market cost, mile per hour bands by region, home base city, among others and layering them over Coyote’s open and available loads.