Key Currency Exchange Rates for Friday, 12/30/22

American Dollar to Canadian Dollar = 0.785016; American Dollar to Chinese Yuan = 0.154850; American Dollar to Euro = 1.209565; American Dollar to Japanese Yen = 0.009519; American Dollar to Mexican Peso = 0.049917.

The American Trucking Associations thanked the U.S. Department of Transportation for its commitment to expanding the nation’s truck parking capacity. In a letter to ATA President and CEO Chris Spear, U.S. Transportation Secretary Pete Buttigieg pledged the Administration’s support for increasing the availability of safe parking options for America’s professional truck drivers through its Trucking Action Plan, grant funding under the Bipartisan Infrastructure Law, and increased coordination with state departments of transportation and the trucking industry.

Taki Darakos, PITT OHIO’s fleet manager who oversees the acquisition and maintenance of 1,550 company-owned tractors and box trucks, testified before Congress on the technological, operational, and financial challenges fleets face as federal and state regulations mandate the adoption of battery-electric trucks. “After meticulous evaluation and planning with our truck manufacturer, we put into service our first battery-electric trucks,” Darakos said. “Although battery-electric trucks show promise in certain applications, they are not ready for broad deployment due to technology limitations.” PITT OHIO is a freight transportation provider that operates in 14 states out of 25 terminals and employs more than 3,500 people. As the Vice President of Vehicle Maintenance and Fleet Service at PITT OHIO, Darakos shared his extensive, real-world experience with the House Subcommittee on Highways and Transit.