Freight Trends April 3 – 9
Rates Trend Down for Vans
An increase in flatbed loads and rates contrasted with downward trends for van and reefer freight. Demand is building for vans in Chicago, and for reefers in California – a signal that outbound rates may improve soon.
Freight Trends April 2016 |
|||
| April 3-9 vs March 27 – April 2 | March 2016 vs Feb 2016 | March 2016 vs March 2015 | |
| Spot Market Loads | -1.0% | +42% | -28% |
| Spot Market Capacity | +6.2% | +8.4% | +16% |
| Van Load-To-Truck | -19% | +18% | -53% |
| Van Rates (Spot) | -2.5% | +0.0% | -21% |
| Flatbed Load-To-Truck | +6.2% | +68% | +7.0% |
| Flatbed Rates (Spot) | +0.5% | +1.1% | -16% |
| Reefer Load-To-Truck | -18% | +5.6% | -65% |
| Reefer Rates (Spot) | -1.1% | -1.1% | -17% |
| Fuel Prices | -0.3% | +4.6% | -28% |
View March’s freight trends here.
*source dat.com
Accounts-Receivable Financing for Trucking and Freight Companies
Are you waiting to get paid from your customers?
Waiting 30-90 days for customer payment can make it difficult to pay your drivers, invest in new resources and fuel your trucks. Accounts-receivable financing for trucking and freight companies takes the cash-flow stress away by paying you same-day on your invoices. Approvals are done in 15 minutes and financing provided within 24 hours. Call Scale Funding today at 800-707-4845.
RESOURCE CENTER
Learn More About Trucking
Top Freight Factoring Companies: Optimize Cash Flow
Discover how freight factoring companies turn unpaid invoices into immediate cash flow for brokers, carriers, and owner-operators. Learn to choose…
9 Signs It’s Time to Switch Factoring Companies
Most businesses don’t switch invoice factoring companies because they’re unhappy. They switch because they eventually discover what their agreement actually…
How Rising Trucking Insurance Costs Are Impacting Fleets — And What Companies Can Do About It
It’s no surprise that trucking companies have faced some of the most challenging years in recent memory. Economic instability, rising…