Key Currency Exchange Rates for Friday, 6/22/18

American Dollar to Canadian Dollar = 0.777573; American Dollar to Chinese Yuan = 0.147997; American Dollar to Euro = 1.019089; American Dollar to Japanese Yen = 0.007304; American Dollar to Mexican Peso = 0.048620.

Georgia-Pacific has agreed to partner with self-driving vehicle startup Gatik and KBX Logistics, the transportation arm for Koch Industries, to deliver its consumer products to more than 30 Sam’s Club locations in the Dallas-Fort Worth area. The collaboration involves moving Georgia-Pacific shipments from point to point on predefined short-haul routes using an autonomous vehicle fleet with 26-foot boxes. The trucks will deliver goods 24 hours a day, seven days a week, and are expected to travel up to three hundred miles daily. “We are looking forward to testing this transformational technology to deliver Georgia-Pacific brands like Quilted Northern® bath tissue and Dixie® products to Sam’s Clubs,” said Hayes Shimp, vice president of sales for Georgia-Pacific. “Once proven, we believe autonomous deliveries will enable us to remove cost and complexity from the supply chain to better serve our partner, Sam’s Club, and their members.” The operation involves Class 6 vehicles, which are significantly smaller than the Class 8 trucks that currently manage the deliveries. “Our partnership with Georgia-Pacific and KBX Logistics is poised to transform regional distribution architecture that has traditionally relied on class 8 platforms,” said Gautam Narang, CEO, and co-founder, of Gatik.

American Trucking Associations President and CEO Chris Spear urged Congress to take steps to exercise oversight over the implementation of the Infrastructure Investment and Jobs Act, ensuring that taxpayers and the supply chain get the maximum return on the $1.2 trillion of investment the legislation provides. “For 90 years, the ATA has helped Congress shape its understanding of our nation’s infrastructure needs and supply chain challenges and today’s oversight of both is welcome and timely,” Spear said. “Prior to IIJA’s passage, ATA testified 25 times before the House and Senate, sharing how the decaying state of our nation’s infrastructure is hamstringing America’s ability to compete with rising global powers, like China. In short, a first-world economy cannot survive a developing-world infrastructure.”