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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 June 06, 2023 – Courtesy of US Energy Information Agency

Average US diesel fuel prices as of May 15, 2023

 

Change from
05/22/23 05/29/23 06/05/23 Week Ago Year Ago
US 3.883 3.855 3.797 -0.058 -1.906
East Coast (PADD 1) 3.912 3.886 3.847 -0.039 -2.075
New England (PADD 1A) 4.166 4.144 4.124 -0.020 -2.071
Central Atlantic (PADD 1B) 4.198 4.190 4.164 -0.026 -2.032
Lower Atlantic (PADD 1C) 3.780 3.747 3.702 -0.045 -2.005
Midwest (PADD 2) 3.810 3.781 3.732 -0.049 -1.736
Gulf Coast (PADD 3) 3.579 3.555 3.469 -0.086 -1.840
Rocky Mountain (PADD 4) 4.088 4.077 4.044 -0.033 -1.547
West Coast (PADD 5) 4.586 4.540 4.470 -0.070 -1.971
West Coast less California 4.378 4.305 4.214 -0.091 -1.785
California 4.825 4.810 4.765 -0.045 -2.066

Trucking News – US Freight Rates

June 06, 2023 – Courtesy of DAT Trendlines 

May 2023 Freight Rates

May 29 – Jun 04 vs. May 22 – May 28 May 2023 vs. Apr 2023 May 2023 vs. May 2022
Spot Market Loads -7.7% +29.4% -61.2%
Spot Market Capacity -13.7% +8.6% +10.2%
Van Load-To-Truck +13.5% +31.8% -43.0%
Van Rates (Spot) +0.9% -0.3% -23.7%
Flatbed Load-To-Truck +1.3% -3.7% -81.5%
Flatbed Rates (Spot) +0.4% -0.5% -22.2%
Reefer Load-To-Truck +5.3% +34.1% -52.0%
Reefer Rates (Spot) +0.1% +2.0% -20.3%
Fuel Prices -0.7% -4.5% -29.7%

 

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.