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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

Average US diesel fuel prices as of November 11 2019

 

Change from
10/28/19 11/04/19 11/11/19 Week Ago Year Ago
US 3.064 3.062 3.073 +0.011 -0.244
East Coast (PADD 1) 3.056 3.041 3.050 +0.009 -0.264
New England (PADD 1A) 3.028 3.034 3.042 +0.008 -0.314
Central Atlantic (PADD 1B) 3.246 3.244 3.245 +0.001 -0.238
Lower Atlantic (PADD 1C) 2.932 2.905 2.919 +0.014 -0.268
Midwest (PADD 2) 2.963 2.955 2.972 +0.017 -0.290
Gulf Coast (PADD 3) 2.806 2.795 2.795  0.000 -0.290
Rocky Mountain (PADD 4) 3.082 3.166 3.203 +0.037 -0.175
West Coast (PADD 5) 3.724 3.746 3.758 +0.012 -0.049
West Coast less California 3.379 3.413 3.435 +0.022 -0.079
California 3.998 4.011 4.014 +0.003 -0.026

Trucking News – US Freight Rates

November 12, 2019 – Courtesy of DAT Trendlines 

Average Van freight rates as of November 12 2019

 

Van Rates – Source Dat.com

Average reefer freight rates as of November 12 2019

 

Reefer Rates – Source Dat.com

Average flatbed rates as of November 12 2019

 

Flatbed Rates – Source Dat.com

Freight Trends and News:

November 2019 Freight Trends

November 12, 2019

The four major elements affecting the trucking market show inbound container shipments are down. Load volume is down. Truck capacity is up, and fuel prices are up.

DAT.com has just released their latest trend lines report, and it shows national van rate averages are at $1.82 per mile, up one cent from the October average. According to DAT, the Midwest has the highest average van rates at an average of $2.03 per mile, and the lowest average rates are in the Northeast at $1.61 per mile. Load-to-truck ratios appear weak, with the best ratios in the Northern plains. Ratios in the rest of the country are averaging 1.1 – 2.5 loads per truck.

DAT is reporting Reefer freight rates are averaging $2.13 per mile, a two cent increase from the October average. Reefer rates are highest in the Midwest, averaging $2.46 per mile, and lowest in the Northeast, with an average of $1.85 per mile. Current load-to-truck capacity shows reefer demand is highest in the Upper Midwest and lowest in the Southwest.

National average flatbed rates are at $2.14 per mile, a drop of three cents from the October average. The Midwest has the highest average flatbed rates at $2.31 per mile, and the West coast has the lowest, with an average of $1.92 per mile. Load-to-truck ratios continue to be strong in the Southeast and Northwest states, the weakest ratios are in the Northeast, and the Southwest.

Looking at fuel prices, the latest Energy Information Administration data shows the national average diesel price is at $3.07 per gallon. Regional diesel prices range from an average of $2.80 in the gulf coast states, to $3.25 in the central Atlantic region. California diesel prices are averaging $4.01 per gallon.

November 2019 Freight Rates

Nov 04-10 vs Oct 28-3 Oct 2019 vs Sep 2019 Oct 2019 vs Oct 2018
Spot Market Loads -1.3%
-8.3% -10.3%
Spot Market Capacity +4.2% +23.9% +10.7%
Van Load-To-Truck -4.2% -29.8% -19.8%
Van Rates (Spot) +1.7% -2.1% -13.5%
Flatbed Load-To-Truck -10.3% -22.8% -25.6%
Flatbed Rates (Spot) +0.0% -1.1% -12.3%
Reefer Load-To-Truck -2.6% +23.9% -17.3%
Reefer Rates (Spot) +0.4% -2.2% -13.0%
Fuel Prices -0.1% +1.2% -9.3%

For more information on DAT products & service 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 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.