TCI Business Capital is pleased to present the latest trucking news & information for the US freight industry. The news and information are compiled from a variety of sources across the web.
Courtesy of US Energy Information Agency
|April 2, 2018||April 9, 2018||April 16, 2018||Week ago||Year ago|
|East Coast (PADD 1)||3.066||3.066||3.116||+0.050||+0.485|
|New England (PADD 1A)||3.117||3.116||3.149||+0.033||+0.511|
|Central Atlantic (PADD 1B)||3.233||3.232||3.275||+0.043||+0.492|
|Lower Atlantic (PADD 1C)||2.938||2.939||2.998||+0.059||+0.476|
|Midwest (PADD 2)||2.962||2.957||3.016||+0.059||+0.480|
|Gulf Coast (PADD 3)||2.851||2.844||2.910||+0.066||+0.452|
|Rocky Mountain (PADD 4)||3.044||3.086||3.137||+0.051||+0.485|
|West Coast (PADD 5)||3.487||3.500||3.583||+0.083||+0.706|
|West Coast less California||3.202||3.226||3.326||+0.100||+0.535|
April 3, 2018 – Courtesy of DAT Trendlines
April 17, 2018 – For the week of April 8, 2018, DAT.com is reporting overall freight rates stabilized as more truck capacity came into the market. Even with a few drops, rates for all three equipment types are still higher than the March average.
April 2018 Freight Trends
|April 8-14 Vs. April 1-7||March 2018 vs. Feb 2018||March 2018 vs. March 2018|
|Spot Market Loads||-0.8%||+27%||+92%|
|Spot Market Capacity||+11%||+14%||-7.0%|
|Van Rates (Spot)||-1.3%||+1.4%||+32%|
|Flatbed Rates (Spot)||+0.0%||+6.8%||+25%|
|Reefer Rates (Spot)||-1.6%||-0.4%||+28%|
For more information on DAT products & service visit dat.com
Trucking and freight factoring is a type a financing commonly used by fleet owners to improve their cash flow. Factoring is simply the converting or selling of open receivables to a factoring company for immediate cash. Companies using invoice factoring have the consistent cash to use towards fuel, payroll, maintenance, and more.
TCI Business Capital has been a leader in trucking and freight factoring since 1994. From the knowledge and experience built up from years of serving clients in the trucking industry, TCI Business Capital offers customized factoring solutions for each client. For more information on our factoring programs, contact us or call (800) 707-4845.