August 6-12
There is a strong demand for freight in August, which is not usually the trend. Rates are consistently staying high, although they had dropped the previous week, which was closer to July’s average. Flatbed and van rates dropped 3 cents per mile and reefer rates dropped by 4 cents. Load-to-truck ratios also declined compared to the previous week.
August 2017 Freight Trends |
|||
| Aug 6-12 vs July 30 – Aug 5 | July 2017 vs. June 2017 | July 2017 vs. July 2016 | |
| Spot Market Loads | -7.8% | -16% | +89% |
| Spot Market Capacity | +3.4% | -5.4% | +0.3% |
| Van Load-To-Truck | -12% | -7.1% | +81% |
| Van Rates (Spot) | -1.6% | -0.6% | +9.8% |
| Flatbed Load-To-Truck | -14% | -14% | +156% |
| Flatbed Rates (Spot) | -1.4% | +1.4% | +14% |
| Reefer Load-To-Truck | -9.3% | -13% | +68% |
| Reefer Rates (Spot) | -1.9% | -1.9% | +7.8% |
| Fuel Prices | +0.8% | -0.6% | +3.8% |
*source dat.com
About Scale Funding
Scale Funding is an invoice factoring company serving businesses across the United States. For more information on factoring, call (800) 707-4845 for a free, no-obligation consultation and quote.
RESOURCE CENTER
Learn More About Trucking
How Factoring Companies Solve Cash Flow Issues for Businesses
Growing businesses may face issues with the timing of customer payments and their own expenses. These businesses can also face…
Intra-State: Intra-Risk
At this point, we are all familiar with the Federal Motor Carrier Safety Administration (FMSCA). Their purpose is to monitor,…
J.B. Hunt
Transportation Logistics Company