Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
January 2022 Freight Rate & Trucking Update

Current Freight Rates – January 2022

January 20, 2022

The four elements that affect the trucking market show inbound container shipments are up. Load volume is up, truck capacity is down, and fuel prices are up.

Cass Information Systems has released the Transportation Index Report for December. Cass reports the shipments component grew to 7.7% year over year compared to 4.5% in November.

The Cass Truckload Linehaul Index fell 1.5 points in December but is up 8.0% year over year. Cass reports strong freight demand and tight truck capacity continue to be the order of the day.

Factoring for trucking companies

Trucking News – US Freight Rates

Jan 19, 2022 – Courtesy of DAT Trendlines 

January 2022 Freight Rates

Jan 10 – Jan 16 vs Jan 03 – Jan 09 Dec 2021 vs Nov 2021 Dec 2021 vs Nov 2020
Spot Market Loads +1.1%
+13.7% +48.4%
Spot Market Capacity +20.8% -10.5% +6.9%
Van Load-To-Truck -18.9% +25.9% +35.2%
Van Rates (Spot) +2.9% +2.5% +21.8%
Flatbed Load-To-Truck -1.4% +36.3% +27.3%
Flatbed Rates (Spot) +1.3% +0.8% +24.1%
Reefer Load-To-Truck -33.7% +17.6% +64.6%
Reefer Rates (Spot) +2.0% +0.9% +29.9%
Fuel Prices +1.2% -2.3% +40.9%

DAT’s January 19th Trendlines Report shows current national van rate averages are at $3.13 per mile, a $.14 increase from the December average. According to DAT, the highest average van rates are in the West at $3.42 per mile. The lowest average van rates are in the Southwest at $2.79 per mile.

DAT reports the current national load-to-truck ratio is 9.66 loads to truck, compared to the December 26th average of 6.04. Ratios are high throughout much of the country. The lowest ratios are in the great lakes and New England states.

Van Freight Rates – January 19, 2022

Dry Van freight rates as of January 19, 2022

Reefer freight rates are averaging $3.60 per mile, up $.13 from the December average. Reefer rates are highest in the West, averaging $3.91 per mile, and the lowest rates are in the Southeast, with an average of $3.14 per mile.

National reefer capacity is at 21.46 loads to truck, compared to the December 26th average of 15.26. Current load-to-truck capacity shows reefer demand is high in much of the country. The lowest ratios are in the Great Lakes and mid-Atlantic states.

Reefer Freight Rates – January 19, 2022

Average reefer freight rates of January 19, 2022

National average flatbed rates are currently averaging $3.12 per mile, $.05 higher than the December average. The Midwest has the highest average flatbed rates at $3.37 per mile; the lowest rates are in the West, with an average of $2.93 per mile. Nationally, load-to-truck ratios are at 86.54, compared to 53.75 on December 26th. Load ratios remain high throughout the country. For more details, visit Dat.com.

Flatbed Freight Rates – January 19, 2022

Average flatbed freight rates as of January 19, 2022

Turning to fuel prices, the latest Energy Information Administration data shows the national average diesel price is at $3.73 per gallon, an $.08 increase from one month ago. Regional diesel prices range from $3.46 in the gulf coast states to $3.88 in the central Atlantic region. California diesel prices are averaging $4.79 per gallon.

*Diesel fuel price map as of December 13, 2021.

Average diesel fuel prices in the US as of January 19, 2022

Change from
11/29/21 12/06/21 12/13/21 Week Ago Year Ago
US 3.720 3.674 3.649 -0.025 +1.090
East Coast (PADD 1) 3.684 3.658 3.633 -0.025 +1.030
New England (PADD 1A) 3.666 3.654 3.643 -0.011 +1.036
Central Atlantic (PADD 1B) 3.845 3.824 3.811 -0.013 +1.009
Lower Atlantic (PADD 1C) 3.586 3.556 3.521 -0.035 +1.050
Midwest (PADD 2) 3.602 3.536 3.512 -0.024 +1.034
Gulf Coast (PADD 3) 3.454 3.402 3.372 -0.030 +1.065
Rocky Mountain (PADD 4) 3.824 3.780 3.758 -0.022 +1.202
West Coast (PADD 5) 4.450 4.416 4.398 -0.018 +1.325
West Coast less California 4.032 3.992 3.970 -0.022 +1.219
California 4.818 4.789 4.775 -0.014 +1.433

Factoring for Trucking Companies

Factoring Keeps Trucks Moving Forward Factoring is a common financing solution for trucking companies to access cash that is tied up in their receivables. Instead of waiting weeks or even months for customer payment, get paid same-day with TCI Business Capital. We’re proud to be the top factoring company for trucking companies across the United States.Benefits of Factoring with TCI Business Capital

  • 15 Minute Consultation and Quote
  • Simple Setup
  • Same-Day Funding
  • Customized Programs
  • Low Rates

To learn more about our freight factoring services, call TCI Business Capital at (800) 707-4845 or contact us via the web.

Would you like to receive freight trends and other industry news in your inbox? Fill out the form below.

 
Call Now Button