AAA Daily Fuel Gauge Report for Friday, 10/08/21

American Dollar to Canadian Dollar = 0.718712; American Dollar to Chinese Yuan = 0.138111; American Dollar to Euro = 1.125021; American Dollar to Japanese Yen = 0.006883; American Dollar to Mexican Peso = 0.051232.

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 3.6% in May after decreasing 1% in April. In May, the index equaled 115.9 (2015=100) compared with 111.9 in April. “May was the first month since February 2023 that tonnage increased both sequentially and from a year earlier,” said ATA Chief Economist Bob Costello. “While there was clearly an increase in freight before the Memorial Day holiday, it is still too early to say whether this is the start of a long-awaited recovery in the truck freight market.” April’s decrease was revised up slightly from our May 21 press release. Compared with May 2023, the index rose 1.5%, the first year-over-year gain in fifteen months. In April, the index was down 1.3% from a year earlier.

Trucking on the open road has long been a symbol of freedom, opportunity, and resolve. Now, a new documentary series titled DRIVEN shines a spotlight on the dedicated professionals behind the wheel who keep our nation rolling through good times and bad—and the millions more who work throughout the industry to deliver for America. DRIVEN was produced by the American Trucking Associations—in association with ACT 1 and the Texas Trucking Association Foundation—as part of its Nothing Without Trucking campaign, which educates policymakers and the public about the indispensable role trucking plays in Americans’ lives. Beginning with professional drivers, the series plans to document the vast array of roles throughout trucking that come together to form an unbreakable bond in the U.S. supply chain.