Freight Factoring Solutions with Scale Funding
Trucking News – US Freight Rates
October 15, 2024 – Courtesy of DAT Trendlines
| October 2024 Freight Rates | |||
| Oct 07 – Oct 13 vs. Sep 30 – Oct 06 | Sep 2024 vs. Aug 2024 | Sep 2024 vs. Sep 2023 | |
| Spot Market Loads | -9.0% | -1.8% | -13.1% |
| Spot Market Capacity | +4.7% | -2.1% | -14.4% |
| Van Load-To-Truck | -15.1% | -3.6% | -9.8% |
| Van Rates (Spot) | -1.0% | +2.0% | +0.0% |
| Flatbed Load-To-Truck | -14.0% | +22.8% | +28.2% |
| Flatbed Rates (Spot) | -0.4% | +0.4% | +3.6% |
| Reefer Load-To-Truck | -13.1% | -15.8% | -1.9% |
| Reefer Rates (Spot) | +1.3% | +0.9% | -2.5% |
| Fuel Prices | +1.4% | +1.4% | -20.0% |
Van Freight Rates – October 15, 2024
DAT.com’s October 15th Trendlines Report shows current national van rate averages are at $2.02 per mile, ¢5 less than the September 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 $1.82 per mile.
DAT reports the current national load-to-truck ratio is 3.71 loads-to-truck, compared to the September average of 3.49. Ratios are highest in the Northwestern states. The lowest ratios are in the Southeastern states.
Reefer Freight Rates – October 15, 2024
Reefer freight rates are averaging $2.38 per mile, ¢1 higher than in September. Reefer rates are highest in the Midwest, averaging $2.62 per mile. The lowest rates are in the Southeast, with an average of $2.09 per mile.
National reefer capacity is at 5.3 loads-to-truck, compared to the September average of 5.01 loads-to-truck. Current load-to-truck capacity shows reefer demand is highest in the Northwestern states. The Southeastern states have the lowest load-to-truck ratios.
Flatbed Freight Rates – October 15, 2024
National average flatbed rates are $2.43 per mile, ¢5 more than the September average. The Southeast has the highest average flatbed rates at $2.56 per mile. The lowest rates are in the West, with an average of $2.18 per mile.
Nationally, load-to-truck ratios are at 13.04, compared to 12.08 in September. Load ratios are highest in the North and Southeast. The Midwest and Southwest states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of October 15, 2024.
Checking fuel prices, the national average diesel price is $3.63 a gallon compared to $3.53 one month ago and is down¢81 compared to one year ago.
East Coast diesel prices are averaging $3.59 per gallon. The average price in the Midwest is $3.65 per gallon. California diesel prices are averaging $4.73 per gallon.
| Change from | |||||
| 09/30/24 | 10/07/24 | 10/14/24 | Week Ago | Year Ago | |
| US | 3.544 | 3.584 | 3.631 | +0.047 | -0.813 |
| East Coast (PADD 1) | 3.571 | 3.563 | 3.586 | +0.023 | -0.818 |
| New England (PADD 1A) | 3.788 | 3.765 | 3.766 | +0.001 | -0.791 |
| Central Atlantic (PADD 1B) | 3.802 | 3.821 | 3.861 | +0.040 | -0.811 |
| Lower Atlantic (PADD 1C) | 3.463 | 3.447 | 3.464 | +0.017 | -0.826 |
| Midwest (PADD 2) | 3.520 | 3.587 | 3.651 | +0.064 | -0.653 |
| Gulf Coast (PADD 3) | 3.212 | 3.266 | 3.337 | +0.071 | -0.777 |
| Rocky Mountain (PADD 4) | 3.612 | 3.620 | 3.635 | +0.015 | -1.029 |
| West Coast (PADD 5) | 4.226 | 4.261 | 4.274 | +0.013 | -1.254 |
| West Coast less California | 3.797 | 3.841 | 3.874 | +0.033 | -1.136 |
| California | 4.719 | 4.742 | 4.734 | -0.008 | -1.385 |
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.
RESOURCE CENTER
Learn More About Trucking
Current Active Drilling Rigs – October 2024
Up-to-date Trends and Reports
Client Referral Submission
Submit a referral from now through September and receive a month’s worth of outgoing transfers! You can also get cash for funded referrals!
Staffing Industry News
Staffing industry news and information from across the United States. Keep up to date with all the activity that affects the temporary employment and staffing industry.