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.
- Decades-old Eureka, Calif., Christmas parade seeking new sponsor
- Nestle to Close Illinois Distribution Facility
- ‘Safety First’ Is Crucial For Trucking, Insurance
- Volkswagen to Pay Up to $87 Million in Australia for Scandal
- ’10-4 on D.C.’ on National Mall Oct. 3-5
- Analysts: Trucking isn’t tanking, despite 2019 ‘feeling like a cliff’
Trucking News – US Diesel Fuel Prices
Courtesy of US Energy Information Agency
| Change from | |||||
| 08/26/19 | 09/02/19 | 09/09/19 | Week Ago | Year Ago | |
| US | 2.983 | 2.976 | 2.971 | -0.005 | -0.287 |
| East Coast (PADD 1) | 3.003 | 3.000 | 2.992 | -0.008 | -0.254 |
| New England (PADD 1A) | 3.031 | 3.027 | 3.022 | -0.005 | -0.233 |
| Central Atlantic (PADD 1B) | 3.186 | 3.178 | 3.161 | -0.017 | -0.246 |
| Lower Atlantic (PADD 1C) | 2.874 | 2.874 | 2.871 | -0.003 | -0.260 |
| Midwest (PADD 2) | 2.890 | 2.874 | 2.864 | -0.010 | -0.330 |
| Gulf Coast (PADD 3) | 2.744 | 2.740 | 2.745 | +0.005 | -0.294 |
| Rocky Mountain (PADD 4) | 2.936 | 2.924 | 2.933 | +0.009 | -0.434 |
| West Coast (PADD 5) | 3.556 | 3.555 | 3.548 | -0.007 | -0.198 |
| West Coast less California | 3.139 | 3.139 | 3.131 | -0.008 | -0.334 |
| California | 3.887 | 3.885 | 3.878 | -0.007 | -0.091 |
Trucking News – US Freight Rates
August 23, 2019 – Courtesy of DAT Trendlines
Van Rates – Source Dat.com
Reefer Rates – Source Dat.com
Flatbed Rates – Source Dat.com
Freight Trends and News:
August 2019 Freight Trends
August 23, 2019 –
According to the most recent DAT.com trendlines report, national van rate averages are at $1.81 per mile, three cents lower than the July average. The Midwest is the leader with van rates averaging $2.00 per mile, and the lowest average rates are in the Northeast at $1.61 per mile. Load-to-truck ratios remain highest in the south-central states and lowest in the northwest.
Reefer freight rates continue to drop, with a current national average of $2.14 per mile. This is a five-cent decline from the July average. Reefer rates are highest in the Midwest, averaging $2.39 per mile, and lowest in the Northeast, with an average of $1.84 per mile. Current load-to-truck capacity shows reefer demand is highest along the Mississippi River corridor and lowest west of the Rockies.
National average flatbed rates are at $2.21 per mile, compared to the July average of $2.27 per mile. The highest average rates are in the Midwest at $2.37 per mile, and the lowest is on the west coast, with an average of $2.00 per mile. The strongest load-to-truck ratios are in the Southeast and Northwest states, the weakest ratios are in the Midwest and great lakes region.
August 2019 Freight Rates |
|||
| Aug 26-Sep 01 vs Aug 19-25 | Aug 2019 vs Jul 2019 | Aug 2019 vs Aug 2018 | |
| Spot Market Loads | +7.2% |
-0.4% | -26.4% |
| Spot Market Capacity | -2.4% | -0.4% | +12.8% |
| Van Load-To-Truck | +14.6% | +8.2% | -25.3% |
| Van Rates (Spot) | +2.7% | -1.5% | -15.1% |
| Flatbed Load-To-Truck | +7.3% | -17.6% | -49.9% |
| Flatbed Rates (Spot) | +1.1% | -3.0% | -16.6% |
| Reefer Load-To-Truck | +9.9% | +22.8% | -30.5% |
| Reefer Rates (Spot) | +2.0% | -1.9% | -13.8% |
| Fuel Prices | -0.4% | -1.3% | -6.6% |
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.
