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
|05/06/19||05/13/19||05/20/19||Week Ago||Year Ago|
|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|
April 24, 2019 – Courtesy of DAT Trendlines
Van Rates – Source Dat.com
Reefer Rates – Source Dat.com
Flatbed Rates – Source Dat.com
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 Rates (Spot)||+1.3%||-1.8%||-13.6%|
|Flatbed Rates (Spot)||+0.2%||+0.3%||-7.7%|
|Reefer Rates (Spot)||+2.3%||-1.9%||-9.7%|
For more information on DAT products & service visit DAT.com
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.