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Trucking Industry News & Information
Read the Latest on What's Happening in Trucking Across the US

US Trucking News & Information

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.

Trucking News – US Diesel Fuel Prices

Courtesy of US Energy Information Agency

Diesel Fuel Update February 2019

 

Change from
01/28/19 02/04/19 02/11/19 Week Ago Year Ago
US 2.965 2.966 2.966 0.000 -0.097
East Coast (PADD 1) 3.050 3.038 3.031 -0.007 -0.080
New England (PADD 1A) 3.188 3.176 3.161 -0.015 +0.007
Central Atlantic (PADD 1B) 3.237 3.227 3.225 -0.002 -0.081
Lower Atlantic (PADD 1C) 2.893 2.879 2.872 -0.007 -0.094
Midwest (PADD 2) 2.806 2.839 2.849 +0.010 -0.171
Gulf Coast (PADD 3) 2.789 2.779 2.776 -0.003 -0.075
Rocky Mountain (PADD 4) 2.911 2.883 2.870 -0.013 -0.102
West Coast (PADD 5) 3.448 3.435 3.435 0.000 +0.003
West Coast less California 3.099 3.087 3.084 -0.003 -0.023
California 3.726 3.711 3.714 +0.003   +0.025

Trucking News – US Freight Rates

February 12, 2019 – Courtesy of DAT Trendlines 

Van rate trends for February 2019

 

Van Rates – Source Dat.com

Reefer rate trends for February 2019

 

Reefer Rates – Source Dat.com

Flatbed rate trends for February 2019

 

Flatbed Rates – Source Dat.com

Freight Trends and News:

February 2019 Freight Trends

February 12, 2019 – According to DAT.com, national Van rate averages dropped $.02  lower than the January average. That news is a result of the seasonality of the industry, freight moves are less urgent. DAT reports reefer rates are lowering, with truck capacity fairly even across the country. Average Flatbed rates have decreased, showing the lowest rates in the Southwest.

February 2019 Freight Rates

Feb 3-9 vs Jan 27-Feb 2 Jan 2019 vs Dec 2018 Jan 2019 vs Jan 2018
Spot Market Loads +4.0% +2.7% -34.0%
Spot Market Capacity +4.0% +16.0% +49.0%
Van Load-To-Truck -5.1% -23.0% -53.0%
Van Rates (Spot) -1.0% -5.3% -13.0%
Flatbed Load-To-Truck +6.6% +12.0% -58.0%
Flatbed Rates (Spot) -0.4% -2.5% +0.0%
Reefer Load-To-Truck -10.0% -14.0% -61.0%
Reefer Rates (Spot) -1.7% -5.7% -12.0%
Fuel Prices +0.0% -4.6% -1.3%

For more information on DAT products & service visit DAT.com

Trucking and Freight Factoring With TCI Business Capital

Trucking and freight factoring is a type of 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 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, fill out the form on our website or call (800) 707-4845.