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
|10/28/19||11/04/19||11/11/19||Week Ago||Year Ago|
|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|
November 12, 2019 – Courtesy of DAT Trendlines
Van Rates – Source Dat.com
Reefer Rates – Source Dat.com
Flatbed Rates – Source Dat.com
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%
|Spot Market Capacity||+4.2%||+23.9%||+10.7%|
|Van Rates (Spot)||+1.7%||-2.1%||-13.5%|
|Flatbed Rates (Spot)||+0.0%||-1.1%||-12.3%|
|Reefer Rates (Spot)||+0.4%||-2.2%||-13.0%|
For more information on DAT products & service visit DAT.com
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