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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

Average US diesel fuel prices as of August 12 2019

 

Change from
08/05/19 08/12/19 08/19/19 Week Ago Year Ago
US 3.032 3.011 2.994 -0.017 -0.213
East Coast (PADD 1) 3.055 3.034 3.019 -0.015 -0.188
New England (PADD 1A) 3.107 3.073 3.048 -0.025 -0.213
Central Atlantic (PADD 1B) 3.233 3.215 3.199 -0.016 -0.181
Lower Atlantic (PADD 1C) 2.923 2.904 2.892 -0.012 -0.184
Midwest (PADD 2) 2.942 2.924 2.900 -0.024 -0.229
Gulf Coast (PADD 3) 2.787 2.763 2.751 -0.012 -0.230
Rocky Mountain (PADD 4) 2.965 2.940 2.939 -0.001 -0.410
West Coast (PADD 5) 3.605 3.580 3.564 -0.016 -0.142
West Coast less California 3.182 3.164 3.158 -0.006 -0.265
California 3.940 3.909 3.887 -0.022 -0.042

Trucking News – US Freight Rates

July 26, 2019 – Courtesy of DAT Trendlines 

July 2019 van rates across the US

 

Van Rates – Source Dat.com

Reefer rate in the US for the month of July.

 

Reefer Rates – Source Dat.com

Flatbed rates for the month of July.

 

Flatbed Rates – Source Dat.com

Freight Trends and News:

July 2019 Freight Trends

July 25, 2019

According to the most recent DAT.com trendlines report, national van rate averages are at $1.85 per mile, four cents lower than the June average. The Midwest is the leader with van rates averaging $2.02 per mile. The lowest average rates are in the Northeast at $1.60 per mile. Load-to-truck ratios remain highest in the southern states and lowest throughout the Northern parts of the country.

Reefer freight rates have dropped slightly in July, with a current national average of $2.19 per mile. This is a $.06 decline from the June average. Reefer rates are highest in the West, averaging $2.31 per mile, and lowest in the Northeast, with an average of $1.78 per mile. Current load-to-truck capacity shows decreasing reefer demand across the country. The southern and south-central states show the best ratios.

National average flatbed rates are at $2.28 per mile, as compared to the June average of $2.30 per mile. The highest average rates are in the Southeast at $2.43 per mile, and the lowest is on the west coast, averaging $2.02 per mile. The strongest load-to-truck ratios are in the Southeast and Northwest states, the weakest ratios are in the great lakes region.

July 2019 Freight Rates

July 22-28 vs July 15-21 June 2019 vs May 2019 June 2019 vs June 2018
Spot Market Loads -8.0%
+35.9% -50.3%
Spot Market Capacity -1.6% -18.8% +29.9%
Van Load-To-Truck -0.8% +76.2% -50.3%
Van Rates (Spot) +0.5% +5.4% -18.5%
Flatbed Load-To-Truck -16.4% +57.2% -74.5%
Flatbed Rates (Spot) -1.0% +1.0% -18.4%
Reefer Load-To-Truck +10.7% +80.0% -55.0%
Reefer Rates (Spot) -0.2% +4.9% -16.9%
Fuel Prices -0.2% -2.3% -5.0%

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.