FACTORING BLOG

August 2016 Freight Trends

August 2016 freight trends

August 2016 Freight Trends

July 31 – August 6

Prices didn’t change for vans and reefers on the spot market. However, the national flatbed rate added one cent this week. The late-summer crops and back-to-school season caused reefer demand to go up.

Freight Trends August 2016

July 31 – Aug 6 vs July 24 – 30 July 2016 vs June 2016 July 2016 vs July 2015
Spot Market Loads -3.9% -15% +19%
Spot Market Capacity +0.1% -6.4% -9.6%
Van Load-To-Truck -2.2% -2.4% +60%
Van Rates (Spot) +0.0% 1.2% -9.4%
Flatbed Load-To-Truck -11% -20% +6.7%
Flatbed Rates (Spot) +0.5% -2.0% -9.4%
Reefer Load-To-Truck +3.6% -8.4% +16%
Reefer Rates (Spot) +0.0% -2.0% -9.0%
Fuel Prices -1.3% -0.7% -14%

*source dat.com

 

Top Freight Factoring Company

Since 1994, Scale Funding has been North America’s number one freight factoring company. We provide steady cash flow to trucking and freight companies by providing them with same-day cash on their invoices. If you’re waiting on slow-paying customers and could use the cash sooner, contact us today. (800) 707-4845

RESOURCE CENTER

Learn More About Trucking

How Factoring Companies Solve Cash Flow Issues for Businesses

July 18, 2024

Growing businesses may face issues with the timing of customer payments and their own expenses. These businesses can also face…

Intra-State: Intra-Risk

July 8, 2024

At this point, we are all familiar with the Federal Motor Carrier Safety Administration (FMSCA). Their purpose is to monitor,…

Northland Corporation - Starting in the trucking industry.

J.B. Hunt

May 23, 2024

Transportation Logistics Company