FACTORING BLOG

Freight Trends May 2016

Freight Trends May 1-7

Good news for the trucking industry!

Rates rose sharply last week, following a steady increase in demand for vans and reefers, especially in California, Texas and the Southeast.

Flatbed demand and rates held steady.

*source dat.com

View Aprils’s freight trends here.

Freight Trends May 2016
	May 1-7 vs April 24-30	April 2016 vs March 2016	April 2016 vs April 2015
Spot Market Loads	+5.1%	+0.2%	-28%
Spot Market Capacity	+1.9%	-3.6%	+1.7%
Van Load-To-Truck	+11%	-5.9%	-46%
Van Rates (Spot)	+4.7%	0.7%	-19%
Flatbed Load-To-Truck	-11%	+23%	+1.2%
Flatbed Rates (Spot)	+0.5%	+2.2%	-12%
Reefer Load-To-Truck	+5.9%	-10.0%	-54%
Reefer Rates (Spot)	+6.1%	+0.6%	-16%
Fuel Prices	+3.1%	+2.9%	-23%

Need extra cash to grow your trucking and freight company?

Scale Funding has worked with trucking and freight companies since 1994. We provide a cash-flow solution to help bridge the gap from the time your customers pay you and when you have to pay your bills. Freight factoring can help with your trucking company expenses by giving you the cash you need to pay your drivers, fuel your trucks and grow your company. To learn more about freight factoring, contact one of our financial experts at 800-707-4845.