Spot market rates continue their upward trend after Memorial Day. The four-day week would normally account for a 20 percent decline in load posts, but load availability was only down nine percent last week. That led to higher load-to-truck ratios for vans, reefers, and flatbeds.
Freight Trends June 2016
|May 29 – June 4 vs May 22-28||May 2016 vs. April 2016||May 2016 vs May 2015|
|Spot Market Loads||-9.0%||+4.0%||-18%|
|Spot Market Capacity||-26%||+3.8%||+11%|
|Van Rates (Spot)||+5.2%||+3.4%||-17%|
|Flatbed Rates (Spot)||+0.5%||+1.1%||-12%|
|Reefer Rates (Spot)||+3.2%||+5.6%||-14%|
Scale Funding has provided freight bill factoring services for trucking companies since 1994. We’ve helped numerous types of trucking and freight companies including but not limited to:
|Bulk Material Haulers||Chemical Haulers||Contract Hauling|
|Dry Van Carriers||Flatbed Carriers||For Hire Carriers|
|Freight Brokers||Haz Mat Haulers||Heavy Hauling|
|Liquids & Gas||Log Haulers||Refrigerated Carriers|
For more information or to get started, contact a financial expert at Scale Funding today. (800) 707-4845.