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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

As of January 30, 2023 – Courtesy of US Energy Information Agency

Average diesel fuel prices in the US as of January 23, 2023

 

 

Change from
01/16/23 01/23/23 01/30/23 Week Ago Year Ago
US 4.524 4.604 4.622 +0.018 +0.776
East Coast (PADD 1) 4.752 4.810 4.835 +0.025 +0.983
New England (PADD 1A) 5.081 5.104 5.129 +0.025 +1.296
Central Atlantic (PADD 1B) 5.039 5.069 5.057 -0.012 +1.055
Lower Atlantic (PADD 1C) 4.614 4.686 4.723 +0.037 +0.962
Midwest (PADD 2) 4.374 4.473 4.474 +0.001 +0.760
Gulf Coast (PADD 3) 4.224 4.320 4.351 +0.031 +0.743
Rocky Mountain (PADD 4) 4.729 4.736 4.742 +0.006 +0.985
West Coast (PADD 5) 5.034 5.095 5.126 +0.031 +0.582
West Coast less California 4.688 4.757 4.794 +0.037 +0.610
California 5.430 5.484 5.508 +0.024 +0.646

Trucking News – US Freight Rates

January 30, 2023 – Courtesy of DAT Trendlines 

January 2023 Freight Rates

Jan 23 – Jan 29 vs. Jan 16 – Jan 22 Dec 2022 vs Nov 2022 Dec 2022 vs Dec 2021
Spot Market Loads +1.5% +5.2% -57.3%
Spot Market Capacity -3.3% -12.4% +13.0%
Van Load-To-Truck +6.3% +28.2% -47.3%
Van Rates (Spot) -1.6% +1.3% -19.3%
Flatbed Load-To-Truck +1.1% +5.9% -80.7%
Flatbed Rates (Spot) -0.1% -1.3% -10.2%
Reefer Load-To-Truck +4.9% +15.3% -59.4%
Reefer Rates (Spot) -3.0% +1.2% -18.8%
Fuel Prices +1.8% -10.3% +29.5%

 

For more information on DAT products & services, 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 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.