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.
- Tesla Eyes $3 Billion Boost From Chargers at Rivals’ Expense
- Lordstown Motors to Sue Foxconn Over Stalled Investment
- Spot market at bottom, contract projected to continue falling: FTR
- NHTSA extends trailer side underride guard comment period
- Cummins, Government Lab Develop Enhanced Steel Alloy
- Restored 1972 Peterbilt 282 a gem of the highway
Trucking News – US Diesel Fuel Prices
As of June 06, 2023 – Courtesy of US Energy Information Agency
| Change from | |||||
| 05/22/23 | 05/29/23 | 06/05/23 | Week Ago | Year Ago | |
| US | 3.883 | 3.855 | 3.797 | -0.058 | -1.906 |
| East Coast (PADD 1) | 3.912 | 3.886 | 3.847 | -0.039 | -2.075 |
| New England (PADD 1A) | 4.166 | 4.144 | 4.124 | -0.020 | -2.071 |
| Central Atlantic (PADD 1B) | 4.198 | 4.190 | 4.164 | -0.026 | -2.032 |
| Lower Atlantic (PADD 1C) | 3.780 | 3.747 | 3.702 | -0.045 | -2.005 |
| Midwest (PADD 2) | 3.810 | 3.781 | 3.732 | -0.049 | -1.736 |
| Gulf Coast (PADD 3) | 3.579 | 3.555 | 3.469 | -0.086 | -1.840 |
| Rocky Mountain (PADD 4) | 4.088 | 4.077 | 4.044 | -0.033 | -1.547 |
| West Coast (PADD 5) | 4.586 | 4.540 | 4.470 | -0.070 | -1.971 |
| West Coast less California | 4.378 | 4.305 | 4.214 | -0.091 | -1.785 |
| California | 4.825 | 4.810 | 4.765 | -0.045 | -2.066 |
Trucking News – US Freight Rates
June 06, 2023 – Courtesy of DAT Trendlines
May 2023 Freight Rates |
|||
| May 29 – Jun 04 vs. May 22 – May 28 | May 2023 vs. Apr 2023 | May 2023 vs. May 2022 | |
| Spot Market Loads | -7.7% | +29.4% | -61.2% |
| Spot Market Capacity | -13.7% | +8.6% | +10.2% |
| Van Load-To-Truck | +13.5% | +31.8% | -43.0% |
| Van Rates (Spot) | +0.9% | -0.3% | -23.7% |
| Flatbed Load-To-Truck | +1.3% | -3.7% | -81.5% |
| Flatbed Rates (Spot) | +0.4% | -0.5% | -22.2% |
| Reefer Load-To-Truck | +5.3% | +34.1% | -52.0% |
| Reefer Rates (Spot) | +0.1% | +2.0% | -20.3% |
| Fuel Prices | -0.7% | -4.5% | -29.7% |
For more information on DAT products & services, visit DAT.com
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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 for fuel, payroll, maintenance, and more.
TCI Business Capital has been a trucking and freight factoring leader 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.
