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
|07/01/19||07/08/19||07/15/19||Week Ago||Year Ago|
|East Coast (PADD 1)||3.080||3.081||3.080||-0.001||-0.156|
|New England (PADD 1A)||3.135||3.134||3.131||-0.003||-0.152|
|Central Atlantic (PADD 1B)||3.270||3.275||3.272||-0.003||-0.133|
|Lower Atlantic (PADD 1C)||2.941||2.940||2.941||+0.001||-0.167|
|Midwest (PADD 2)||2.924||2.968||2.956||-0.012||-0.215|
|Gulf Coast (PADD 3)||2.803||2.804||2.805||+0.001||-0.199|
|Rocky Mountain (PADD 4)||2.998||2.980||2.975||-0.005||-0.395|
|West Coast (PADD 5)||3.628||3.624||3.624||0.000||-0.117|
|West Coast less California||3.205||3.208||3.209||+0.001||-0.247|
June 26, 2019 – Courtesy of DAT Trendlines
Van Rates – Source Dat.com
Reefer Rates – Source Dat.com
Flatbed Rates – Source Dat.com
June 25, 2019 – According to the most recent DAT.com trendlines report, national van rate averages are at $1.90 per mile, 11 cents higher than the May average. In June 2018, van rates averaged $2.32. The Midwest is the leader with van rates averaging $2.03 per mile. The lowest average rates are in the Northeast at $1.58 per mile. Load-to-truck ratios remain highest in the southern states and lowest throughout the Northern parts of the country.
Reefer freight rates are also up slightly in June, with a current national average of $2.25 per mile. This is a $.10 jump from the May average. However, the average is down significantly from the June 2018 rate of $2.71. Reefer rates are highest in the West, averaging $2.35 per mile, and lowest in the Northeast, with an average of $1.76 per mile. Current load-to-truck capacity shows higher demand across the Southern states and low demand in most Northern states.
National average flatbed rates are at $2.30 per mile, a tick up compared to the May average of $2.28. Flatbed rates averaged $2.82 one year ago. The highest average rates are in the Midwest at $2.47 per mile, and the lowest is on the west coast, averaging $2.04 per mile. The strongest load-to-truck ratios continue to be in the Southeast and Northwest states, the weakest ratios are in the great lakes region.
June 2019 Freight Rates
|June 17-26 vs June 10-16||May 2019 vs April 2019||May 2019 vs May 2018|
|Spot Market Loads||-2.0%
|Spot Market Capacity||+3.5%||+2.5%||+32.7%|
|Van Rates (Spot)||+1.3%||-0.7%||-16.9%|
|Flatbed Rates (Spot)||-0.2%||-2.2%||-16.1%|
|Reefer Rates (Spot)||+1.2%||+0.1%||-15.3%|
For more information on DAT products & service visit DAT.com
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.