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.
RESOURCE CENTER
Learn More About Trucking
How Factoring Companies Solve Cash Flow Issues for Businesses
Growing businesses may face issues with the timing of customer payments and their own expenses. These businesses can also face…
Intra-State: Intra-Risk
At this point, we are all familiar with the Federal Motor Carrier Safety Administration (FMSCA). Their purpose is to monitor,…
J.B. Hunt
Transportation Logistics Company