Key Currency Exchange Rates for Friday, 5/18/18

The American Trucking Associations welcomed five major new federal investments by the Department of Transportation that will add approximately 1,000 truck parking spaces and make it easier for drivers to locate parking along key freight corridors in Florida, Missouri, Pennsylvania, California, Oregon, Washington and Wisconsin. “The severe shortage of truck parking continues to rank among drivers’ highest concerns, which is why we appreciate that Secretary Buttigieg and a growing number of states are making these projects a top priority,” said ATA President and CEO Chris Spear. “America’s highways are our shop floor. When drivers finish their shift, they deserve to know that they will be able to find a safe place to sleep that night. These significant investments in expanding parking capacity along some of America’s busiest freight corridors will help reduce supply chain bottlenecks, alleviate stress on truck drivers and make the roadways safer for all motorists.”

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.

Congress recently adjourned for its annual August recess following a productive July session that was punctuated by a number of significant wins for our industry. These victories would not have been possible without ATA’s repeated engagements with Capitol Hill. ATA experts are in regular contact with congressional leaders and staff to educate them on the trucking industry and effective policies that can best support fleets and drivers. *Improvements to young driver apprenticeship program advanced. *Base access provision included in NDAA. *House moved bill to overturn California’s destructive mandates. *Resolution opposing NYC congestion pricing breaks partisan gridlock. *ATA presses provision to protect independent contractor model. *ATA renews push to repeal FET.