Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
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 diesel fuel prices in the US as of January 21 2020

 

Change from
12/30/19 01/06/20 01/13/20 Week Ago Year Ago
US 3.069 3.079 3.064 -0.015 +0.088
East Coast (PADD 1) 3.096 3.120 3.111 -0.009 +0.062
New England (PADD 1A) 3.114 3.127 3.131 +0.004 -0.077
Central Atlantic (PADD 1B) 3.271 3.294 3.291 -0.003 +0.074
Lower Atlantic (PADD 1C) 2.975 3.000 2.984 -0.016 +0.081
Midwest (PADD 2) 2.978 2.977 2.965 -0.012 +0.142
Gulf Coast (PADD 3) 2.808 2.828 2.810 -0.018 +0.022
Rocky Mountain (PADD 4) 3.113 3.100 3.065 -0.035 +0.078
West Coast (PADD 5) 3.623 3.616 3.593 -0.023 +0.122
West Coast less California 3.274 3.264 3.241 -0.023 +0.111
California 3.899 3.895 3.872 -0.023 +0.130

Trucking News – US Freight Rates

January 15, 2020 – Courtesy of DAT Trendlines 

January 2020 US van freight average rates

 

Van Rates – Source Dat.com

January 2020 US average reefer freight rates

 

Reefer Rates – Source Dat.com

January 2020 average flatbed freight rates in the United States

 

Flatbed Rates – Source Dat.com

Freight Trends and News:

January 2020 Freight Trends

January 15, 2020 –

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

DAT.com has just released their latest trend lines report, showing rates continue to stay at a 13 month high.  The report shows national van rate averages are at $1.96 per mile, up nine cents from the December average. According to DAT, the Midwest has the highest average van rates at $2.27 per mile, and the lowest average rates are in the Northeast at $1.80 per mile. Load-to-truck ratios are highest in the upper Midwest and northern Rockies and lowest in the Pacific Northwest.

Reefer freight rates are averaging $2.31 per mile, an eight cent increase from one month ago. Midwest reefer rates are highest at $2.77 per mile, and lowest in the Northeast, with an average of $2.03 per mile. Current load-to-truck capacity shows reefer demand is highest in the Upper Midwest and lowest on the West coast.

National average flatbed rates are at $2.36 per mile; an increase of 19 cents from the December average. The highest average flatbed rates are in the Midwest, at $2.45 per mile, and the lowest are in the West, with an average of $1.96 per mile. Load-to-truck ratios are strongest in the Northern plains and Rockies, the weakest ratios are in the Southwest.

Looking at fuel prices, the latest Energy Information Administration data shows the national average diesel price is at $3.06 per gallon. Regional diesel prices range from an average of $2.81 in the gulf coast states, to $3.29 in the central Atlantic region. California diesel prices are averaging $3.87 per gallon.

January 2020 Freight Rates

Jan 06 – 12 vs Dec 30 – Jan 05 Dec 2019 vs Nov 2019 Dec 2019 vs Dec 2018
Spot Market Loads +57.6%
+30.2% +25.1%
Spot Market Capacity +49.5% -10.7% +6.4%
Van Load-To-Truck -2.2% +45.9% +32.4%
Van Rates (Spot) -0.6% +6.1% -7.0%
Flatbed Load-To-Truck +42.5% +60.1% -18.0%
Flatbed Rates (Spot) +0.4% +2.5% -11.2%
Reefer Load-To-Truck -19.7% +37.7% +36.0%
Reefer Rates (Spot) -2.9% +5.5% -6.3%
Fuel Prices +0.3% -0.5% -2.2%

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.