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Trucking News – US Freight Rates
September 15, 2024 – Courtesy of DAT Trendlines
| September 2024 Freight Rates | |||
| Sep 09 – Sep 15 vs. Sep 02 – Sep 08 | Aug 2024 vs. Jul 2024 | Aug 2024 vs. Aug 2023 | |
| Spot Market Loads | +7.5% | -13.1% | -19.6% |
| Spot Market Capacity | +20.4% | +0.0% | -17.3% |
| Van Load-To-Truck | -14.9% | -13.2% | -8.4% |
| Van Rates (Spot) | -1.4% | -2.5% | -3.5% |
| Flatbed Load-To-Truck | -1.6% | -17.0% | +19.1% |
| Flatbed Rates (Spot) | -1.3% | -2.8% | -4.2% |
| Reefer Load-To-Truck | -13.0% | -8.3% | -8.3% |
| Reefer Rates (Spot) | -1.0% | -1.5% | -3.6% |
| Fuel Prices | -1.9% | -3.0% | -21.3% |
Van Freight Rates – September 15, 2024
DAT dot com’s September 15th Trendlines Report shows current national van rate averages are at $1.99 per mile, $0.02 less than the August average.
According to DAT, the highest average van rates are in the Midwest at $2.16 per mile. The lowest average van rates are in the Northeast at $1.83 per mile.
DAT reports the current national load-to-truck ratio is 3.19 loads-to-truck, compared to the August average of 3.64. Ratios are highest in the Northeastern states. The lowest ratios are in the Northern states.
Reefer Freight Rates – September 15, 2024
Reefer freight rates are averaging $2.39 per mile, ¢2 lower than in August. Reefer rates are highest in the Midwest, averaging $2.67 per mile. The lowest rates are in the Southeast, with an average of $2.11 per mile.
National reefer capacity is at 4.94 loads-to-truck, compared to the August average of 5.96 loads-to-truck. The current load-to-truck capacity shows that reefer demand is highest in the Northern states. The Southeastern states have the lowest load-to-truck ratios.
Flatbed Freight Rates – September 15, 2024
National average flatbed rates are $2.39 per mile, $0.01 less than the August average. The Southeast has the highest average flatbed rates at $2.51 per mile. The lowest rates are in the West, with an average of $2.17 per mile.
Nationally, load-to-truck ratios are at 11.45, compared to 9.84 in August. Load ratios are highest in the Southeast. The Midwest states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of September 15, 2024.
Checking fuel prices, the national average diesel price is $3.53 a gallon compared to $3.70 one month ago and is down $1.11 compared to one year ago.
East Coast diesel prices are averaging $3.59 per gallon. The average price in the Midwest is $3.48 per gallon. California diesel prices are averaging $4.73 per gallon.
| Change from | |||||
| 09/02/24 | 09/09/24 | 09/16/24 | Week Ago | Year Ago | |
| US | 3.625 | 3.555 | 3.526 | -0.029 | -1.107 |
| East Coast (PADD 1) | 3.686 | 3.619 | 3.585 | -0.034 | -0.952 |
| New England (PADD 1A) | 3.919 | 3.871 | 3.818 | -0.053 | -0.769 |
| Central Atlantic (PADD 1B) | 3.908 | 3.847 | 3.810 | -0.037 | -0.938 |
| Lower Atlantic (PADD 1C) | 3.580 | 3.508 | 3.479 | -0.029 | -0.977 |
| Midwest (PADD 2) | 3.613 | 3.528 | 3.481 | -0.047 | -1.011 |
| Gulf Coast (PADD 3) | 3.265 | 3.190 | 3.172 | -0.018 | -1.180 |
| Rocky Mountain (PADD 4) | 3.590 | 3.567 | 3.588 | -0.021 | -1.276 |
| West Coast (PADD 5) | 4.293 | 4.257 | 4.244 | -0.013 | -1.451 |
| West Coast less California | 3.896 | 3.837 | 3.818 | -0.019 | -1.442 |
| California | 4.749 | 4.739 | 4.733 | -0.006 | -1.459 |
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
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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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