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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

Courtesy of US Energy Information Agency

map of US diesel fuel prices May 20 2019

 

Change from
05/06/19 05/13/19 05/20/19 Week Ago Year Ago
US 3.171 3.160 3.163 +0.003 -0.114
East Coast (PADD 1) 3.190 3.176 3.176  0.000 -0.095
New England (PADD 1A) 3.245 3.238 3.238  0.000 -0.044
Central Atlantic (PADD 1B) 3.379 3.365 3.375 +0.010 -0.045
Lower Atlantic (PADD 1C) 3.051 3.035 3.030 -0.005 -0.133
Midwest (PADD 2) 3.064 3.046 3.049 +0.003 -0.169
Gulf Coast (PADD 3) 2.927 2.905 2.907 +0.002 -0.148
Rocky Mountain (PADD 4) 3.186 3.181 3.192 +0.011 -0.156
West Coast (PADD 5) 3.765 3.790 3.794 +0.004 +0.029
West Coast less California 3.345 3.355 3.352 -0.003 -0.151
California 4.097 4.136 4.145 +0.009 +0.172

Trucking News – US Freight Rates

April 24, 2019 – Courtesy of DAT Trendlines 

 

Van Rates – Source Dat.com

 

Reefer Rates – Source Dat.com

 

Flatbed Rates – Source Dat.com

Freight Trends and News:

April 2019 Freight Trends

April 24, 2019 – According to DAT.com, national van rate averages are at $1.82 per mile. The Northeast has the lowest van rates at an average of $1.64 per mile, and the Midwest is highest with an average of $2.04 per mile. The average reefer rate is at $2.15 per mile. Reefer rates are lowest in the Northeast averaging $1.92 per mile, and highest in the upper Midwest, with an average of $2.44 per mile. National average flatbed rates are at $2.34 per mile. The highest average rates are in the Midwest at $2.63 per mile, and the lowest are on the west coast, at an average of $2.06 per mile.

April 2019 Freight Rates

Apr 15-21 vs Apr 08-Apr 14 Mar 2019 vs Feb 2019 Mar 2019 vs Mar 2018
Spot Market Loads -13.4% +8.7% -54.7%
Spot Market Capacity +0.3% +16.1% +36.1%
Van Load-To-Truck +4.9% -22.4% -63.3%
Van Rates (Spot) +1.3% -1.8% -13.6%
Flatbed Load-To-Truck -27.6% -1.8% -13.6%
Flatbed Rates (Spot) +0.2% +0.3% -7.7%
Reefer Load-To-Truck +6.0% -21.1% -63.2%
Reefer Rates (Spot) +2.3% -1.9% -9.7%
Fuel Prices +0.8% +2.6% +2.9%

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.