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Trucking News – US Freight Rates
November 18, 2024 – Courtesy of DAT Trendlines
| November 2024 Freight Rates | |||
| Nov 11 – Nov 17 vs. Nov 04 – Nov 10 | Oct 2024 vs. Sep 2024 | Oct 2024 vs. Oct 2023 | |
| Spot Market Loads | +5.0% | +26.6% | +19.9% |
| Spot Market Capacity | +18.9% | +8.0% | -16.3% |
| Van Load-To-Truck | -10.6% | +18.1% | +37.3% |
| Van Rates (Spot) | -1.0% | +0.0% | +0.5% |
| Flatbed Load-To-Truck | -14.9% | +18.5% | +62.8% |
| Flatbed Rates (Spot) | +2.0% | -0.4% | +3.2% |
| Reefer Load-To-Truck | -10.4% | +16.6% | +30.3% |
| Reefer Rates (Spot) | -0.4% | +0.0% | -2.1% |
| Fuel Prices | -0.9% | -1.9% | -17.2% |
Van Freight Rates – November 18, 2024
DAT.com’s November 19th Trendlines Report shows current national van rate averages are at $2.02 per mile, the same as the October average.
According to DAT, the highest average van rates are in the Midwest at $2.21 per mile. The lowest average van rates are in the Northeast and Southeast at $1.84 per mile.
Reefer Freight Rates – November 18, 2024
Reefer freight rates are averaging $2.43 per mile, $0.05 higher than in October. Reefer rates are highest in the Midwest, averaging $2.67 per mile. The lowest rates are in the Southeast, with an average of $2.03 per mile.
Flatbed Freight Rates – November 18, 2024
National average flatbed rates are $2.38 per mile, $0.03 less than the October average. The Midwest has the highest average flatbed rates at $2.52 per mile. The lowest rates are in the West, with an average of $2.20 per mile.
For more details, visit Dat.com.
*Diesel fuel price map as of November 18, 2024.
Checking fuel prices, the national average diesel price is $3.49 a gallon compared to $3.63 one month ago and is down $0.72 compared to one year ago.
East Coast diesel prices are averaging $3.55 per gallon. The average price in the Midwest is $3.47 per gallon. California diesel prices are averaging $4.66 per gallon.
| Change from | |||||
| 11/04/24 | 11/11/24 | 11/18/24 | Week Ago | Year Ago | |
| US | 3.536 | 3.521 | 3.491 | -0.030 | -0.718 |
| East Coast (PADD 1) | 3.590 | 3.579 | 3.552 | -0.027 | -0.603 |
| New England (PADD 1A) | 3.753 | 3.747 | 3.751 | +0.004 | -0.706 |
| Central Atlantic (PADD 1B) | 3.792 | 3.807 | 3.772 | -0.035 | -0.699 |
| Lower Atlantic (PADD 1C) | 3.500 | 3.478 | 3.451 | -0.027 | -0.556 |
| Midwest (PADD 2) | 3.517 | 3.504 | 3.466 | -0.038 | -0.741 |
| Gulf Coast (PADD 3) | 3.184 | 3.170 | 3.153 | -0.017 | -0.688 |
| Rocky Mountain (PADD 4) | 3.583 | 3.525 | 3.458 | -0.067 | -0.810 |
| West Coast (PADD 5) | 4.190 | 4.180 | 4.149 | -0.031 | -0.920 |
| West Coast less California | 3.763 | 3.757 | 3.706 | -0.051 | -0.865 |
| California | 4.681 | 4.666 | 4.659 | -0.007 | -0.981 |
Factoring for Trucking Companies
Factoring is a common financing solution for trucking companies to access cash tied up in their receivables. Instead of waiting weeks or months for customer payment, get paid same-day with Scale Funding. We’re proud to be the top factoring company for trucking companies across the United States.
Benefits of Factoring with Scale Funding:
- 15 Minute Consultation and Quote
- Simple Setup
- Same-Day Funding
- Customized Programs
- Low Rates
To learn more about our freight factoring services, call Scale Funding at (800) 707-4845 or contact us via the web. Would you like to receive freight trends and other industry news in your inbox? Fill out the form below.
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