Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
November 2023 Freight Rate & Trucking Update

Current Freight Rates – November 2023

November 14, 2023

Factoring for Trucking Companies

Trucking News – US Freight Rates

November 14, 2023 – Courtesy of DAT Trendlines 

November 2023 Freight Rates

Nov 06 – Nov 12 vs. Oct 30 – Nov 05 Oct 2023 vs. Sep 2023 Oct 2023 vs. Oct 2022
Spot Market Loads -14.5% -7.1% -41.6%
Spot Market Capacity +0.5% +14.1% -8.6%
Van Load-To-Truck -17.9% -24.2% -27.6%
Van Rates (Spot) -0.7% -1.1% -13.5%
Flatbed Load-To-Truck -18.8% -8.3% -48.9%
Flatbed Rates (Spot) -0.9% -0.9% -13.0%
Reefer Load-To-Truck -6.9% -14.0% -42.3%
Reefer Rates (Spot) -0.6% -2.2% -11.7%
Fuel Prices -2.0% -1.2% -13.5%

Van Freight Rates – November 14, 2023

DAT.com’s November 14th Trendlines Report shows current national van rate averages are at $2.07 per mile, the same as the October average.

According to DAT, the highest average van rates are in the Midwest at $2.29 per mile. The lowest average van rates are in the Northeast at $1.89 per mile.

DAT reports the current national load-to-truck ratio is 1.76 loads-to-truck, compared to the October average of 2.11. Ratios are highest in the Northwest and coastal states. The lowest ratios are in the Northeast.

Average van freight rates as of November 14, 2023

Reefer Freight Rates – November 14, 2023

Reefer freight rates are averaging $2.47 per mile, the same as the October average. Reefer rates are highest in the Midwest, averaging $2.79 per mile. The lowest rates are in the Southeast, with an average of $2.16 per mile.

National reefer capacity is at 3.37 loads-to-truck, compared to the October average of 2.95 loads-to-truck.

Current load-to-truck capacity shows reefer demand is highest in the Northern states. The Southeast states have the lowest load-to-truck ratios.

 

Average reefer freight rates by region as of November 14, 2023.

Flatbed Freight Rates – November 14, 2023

National average flatbed rates are currently $2.45 per mile, $.03 lower than the October average.

The Midwest has the highest average flatbed rates at $2.66 per mile; the lowest rates are in the West, with an average of $2.27 per mile.

Nationally, load-to-truck ratios are at 5.08, compared to 6.36 in October. Load ratios are highest in the Southeast and Pacific Northwest. The Southwest has the lowest load-to-truck ratios. For more details, visit Dat.com.

Average flatbed freight rates in the US as of November 14, 2023

*Diesel fuel price map as of November 14, 2023.

Checking fuel prices, the national average diesel price is $4.29 a gallon compared to $4.44 one month ago and is down $1.02 compared to one year ago.

East Coast diesel prices are averaging $4.22 per gallon. The average price in the Midwest is $4.31 per gallon. California diesel prices are averaging $5.67 per gallon.

Average US diesel fuel prices as of November 14, 2023

Change from
10/30/23 11/06/23 11/13/23 Week Ago Year Ago
US 4.454 4.366 4.294 -0.072 -1.019
East Coast (PADD 1) 4.342 4.294 4.220 -0.074 -1.254
New England (PADD 1A) 4.537 4.523 4.483 -0.040 -1.577
Central Atlantic (PADD 1B) 4.633 4.588 4.528 -0.060 -1.461
Lower Atlantic (PADD 1C) 4.217 4.163 4.079 -0.084 -1.163
Midwest (PADD 2) 4.441 4.334 4.308 -0.026 -1.013
Gulf Coast (PADD 3) 4.115 4.032 3.927 -0.105 -0.959
Rocky Mountain (PADD 4) 4.650 4.489 4.356 -0.133 -1.045
West Coast (PADD 5) 5.348 5.258 5.139 -0.119 -0.630
West Coast less California 4.873 4.769 4.651 -0.118 -0.761
California 5.890 5.816 5.699 -0.117 -0.481

Factoring for Trucking Companies
Factoring Keeps Trucks Moving Forward 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.