American Dollar to Canadian Dollar = 0.800388; American Dollar to Chinese Yuan = 0.154314; American Dollar to Euro = 1.185789; American Dollar to Japanese Yen = 0.009086; American Dollar to Mexican Peso = 0.050218.
https://www.x-rates.com/table/?from=USD&amount=1.00
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Growth in the U.S. economy boomed in 2018, slowed in 2019, and turned south in 2020 when COVID-19 started to spread widely in March. In 2019, trucks shipped 72.5% of all domestic tonnage, including an increase of 366 million tons over 2018. Also, across the northern and southern borders, trucks moved three-quarters of the value of trade between the U.S., Canada, and Mexico. Compared with previous recessions, trucking fared far better than the overall economy as the recession in the first half of 2020 was concentrated in the much less freight intensive, services sector. At the start of 2020, the U.S. remained in the longest economic expansion on record with the unemployment rate at 50-year lows. In the three primary categories of freight—retail, manufacturing, and housing construction—only manufacturing was struggling from an industry-specific recession in 2019. In January, retail sales notched a record high, and construction on new homes surged to its highest level in over a decade, according to the Census Bureau. Even manufacturing showed signs that it bottomed out in 2019, as the Institute for Supply Management’s Purchasing Managers Index reported an expanding manufacturing sector in January and February after 5 months of contraction.
National Average Price for Regular Unleaded Current: $3.841; Month Ago: $3.541; Year Ago: $3.990. National Average Price for Diesel Current: $4.269; Month Ago: $3.843; Year Ago: $5.077.
The annualized turnover rate at both large and small truckload carriers rose by double digit percentage points in the third quarter as the industry began bouncing back from a COVID-19 induced slump. “After a calamitous second quarter, trucking – along with the rest of the economy – began recovering in the third quarter, leading to a tightening of the driver market,” said American Trucking Associations Chief Economist Bob Costello. “With a more robust freight market, we saw an increase in carriers seeking drivers, which led to increased turnover. Additionally, the driver pool has decreased this year for a host of reasons, including fewer new drivers coming into the industry as truck driver training schools train less drivers due to social distancing requirements.” In the third quarter, the turnover rate at truckload carriers with more than $30 million in annual revenue rose 10 percentage points to 92% on an annualized basis. The rate at smaller truckload carriers rose 14 points to 74%. Despite the increases, the 2020 average turnover rate is still running behind 2019.