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Trucking News – US Freight Rates
December 17, 2024 – Courtesy of DAT Trendlines
| December 2024 Freight Rates | |||
| Dec 09 – Dec 15 vs. Dec 02 – Dec 08 | Nov 2024 vs. Oct 2024 | Nov 2024 vs. Nov 2023 | |
| Spot Market Loads | -13.8% | -25.7% | -7.5% |
| Spot Market Capacity | -1.0% | -17.2% | -25.8% |
| Van Load-To-Truck | -11.9% | -6.7% | +19.8% |
| Van Rates (Spot) | +0.5% | +0.0% | +0.5% |
| Flatbed Load-To-Truck | -3.1% | -22.3% | +44.1% |
| Flatbed Rates (Spot) | +0.8% | +0.8% | +2.0% |
| Reefer Load-To-Truck | -22.2% | -0.4% | +13.2% |
| Reefer Rates (Spot) | -0.4% | +0.4% | -1.7% |
| Fuel Prices | +0.9% | -0.6% | -11.8% |
Van Freight Rates – December 17, 2024
DAT.com’s December 17th Trendlines Report shows current national van rate averages are at $2.08 per mile, $0.06 more than the November average.
According to DAT, the highest average van rates are in the West at $2.29 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 5.54 loads-to-truck, compared to the November average of 3.85. Ratios are highest in the Western states. The lowest ratios are in the Midwestern states.
Reefer Freight Rates – December 17, 2024
Reefer freight rates are averaging $2.42 per mile, $0.01 lower than in November. Reefer rates are highest in the Midwest and West, averaging $2.67 per mile. The lowest rates are in the Southeast, with an average of $2.06 per mile.
National reefer capacity is at 6.41 loads-to-truck, compared to the November average of 5.82 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 – December 17, 2024
National average flatbed rates are $2.39 per mile, $0.01 more than the November average. The Midwest has the highest average flatbed rates at $2.53 per mile. The lowest rates are in the West, with an average of $2.23 per mile.
Nationally, load-to-truck ratios are at 14.52, compared to 11.13 in November. Load ratios are highest in the North and Southeast. The Midwest states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of December 17, 2024.
Checking fuel prices, the national average diesel price is $3.49 a gallon compared to $3.49 one month ago and is down $0.40 compared to one year ago.
East Coast diesel prices are averaging $3.58 per gallon. The average price in the Midwest is $3.45 per gallon. California diesel prices are averaging $4.60 per gallon.
| Change from | |||||
| 12/02/24 | 12/09/24 | 12/16/24 | Week Ago | Year Ago | |
| US | 3.540 | 3.458 | 3.494 | +0.036 | -0.400 |
| East Coast (PADD 1) | 3.597 | 3.535 | 3.575 | +0.040 | -0.394 |
| New England (PADD 1A) | 3.773 | 3.755 | 3.754 | -0.001 | -0.608 |
| Central Atlantic (PADD 1B) | 3.793 | 3.750 | 3.761 | +0.011 | -0.575 |
| Lower Atlantic (PADD 1C) | 3.507 | 3.432 | 3.487 | +0.055 | -0.306 |
| Midwest (PADD 2) | 3.521 | 3.425 | 3.450 | +0.025 | -0.356 |
| Gulf Coast (PADD 3) | 3.227 | 3.130 | 3.190 | +0.060 | -0.379 |
| Rocky Mountain (PADD 4) | 3.431 | 3.329 | 3.357 | +0.028 | -0.576 |
| West Coast (PADD 5) | 4.164 | 4.119 | 4.130 | +0.011 | -0.525 |
| West Coast less California | 3.739 | 3.682 | 3.726 | +0.044 | -0.427 |
| California | 4.652 | 4.623 | 4.597 | -0.026 | -0.634 |
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
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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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