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.
- Diesel Drops 8.3¢ to $4.539 a Gallon
- Senators Introduce Catalytic Converter Theft Bill
- RXO Expands Suite of Carrier-Focused Services
- Another HOS waiver for fuel haulers | MATS upcoming with plenty biz, entertainment programming
- Kentucky duo face prison in freight fraud indictments
- How trucking built America: The view from Scott Spear's 1969 Kenworth W900A
Trucking News – US Diesel Fuel Prices
As of January 30, 2023 – Courtesy of US Energy Information Agency
| Change from | |||||
| 01/16/23 | 01/23/23 | 01/30/23 | Week Ago | Year Ago | |
| US | 4.524 | 4.604 | 4.622 | +0.018 | +0.776 |
| East Coast (PADD 1) | 4.752 | 4.810 | 4.835 | +0.025 | +0.983 |
| New England (PADD 1A) | 5.081 | 5.104 | 5.129 | +0.025 | +1.296 |
| Central Atlantic (PADD 1B) | 5.039 | 5.069 | 5.057 | -0.012 | +1.055 |
| Lower Atlantic (PADD 1C) | 4.614 | 4.686 | 4.723 | +0.037 | +0.962 |
| Midwest (PADD 2) | 4.374 | 4.473 | 4.474 | +0.001 | +0.760 |
| Gulf Coast (PADD 3) | 4.224 | 4.320 | 4.351 | +0.031 | +0.743 |
| Rocky Mountain (PADD 4) | 4.729 | 4.736 | 4.742 | +0.006 | +0.985 |
| West Coast (PADD 5) | 5.034 | 5.095 | 5.126 | +0.031 | +0.582 |
| West Coast less California | 4.688 | 4.757 | 4.794 | +0.037 | +0.610 |
| California | 5.430 | 5.484 | 5.508 | +0.024 | +0.646 |
Trucking News – US Freight Rates
January 30, 2023 – Courtesy of DAT Trendlines
January 2023 Freight Rates |
|||
| Jan 23 – Jan 29 vs. Jan 16 – Jan 22 | Dec 2022 vs Nov 2022 | Dec 2022 vs Dec 2021 | |
| Spot Market Loads | +1.5% | +5.2% | -57.3% |
| Spot Market Capacity | -3.3% | -12.4% | +13.0% |
| Van Load-To-Truck | +6.3% | +28.2% | -47.3% |
| Van Rates (Spot) | -1.6% | +1.3% | -19.3% |
| Flatbed Load-To-Truck | +1.1% | +5.9% | -80.7% |
| Flatbed Rates (Spot) | -0.1% | -1.3% | -10.2% |
| Reefer Load-To-Truck | +4.9% | +15.3% | -59.4% |
| Reefer Rates (Spot) | -3.0% | +1.2% | -18.8% |
| Fuel Prices | +1.8% | -10.3% | +29.5% |
For more information on DAT products & services, visit DAT.com
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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.
