FACTORING BLOG

May 2017 Freight Trends

may 2017 freight trends

May 7-13

The national average van rate went down 2 cents per mile last week after hitting its highest point since January during the previous week. The national flatbed rate also dropped 1 cent after reaching a nearly two-year high the week before.

Produce from California and Florida helped increase reefer rates by about 2 cents per mile.

May 2017 Freight Trends 

May 7 – 13 vs. Apr 30 – May 6 Apr 2017 vs. Mar 2017 Apr 2017 vs Apr 2016
Spot Market Loads -1.5% -0.3% +91%
Spot Market Capacity +1.8% -12% -6.6%
Van Load-To-Truck -0.2% +8.4% +128%
Van Rates (Spot) -1.2% +2.5% +11%
Flatbed Load-To-Truck -6.2% +20% +103%
Flatbed Rates (Spot) -0.5% +2.0% +8.9%
Reefer Load-To-Truck -5.6% +6.1% +134%
Reefer Rates (Spot) +1.0% +3.7% +7.8%
Fuel Prices -0.7% +1.1% +20%

*source dat.com

About Scale Funding

Scale Funding is an invoice factoring company serving businesses across the United States. For more information on factoring, call (800) 707-4845 for a free, no-obligation consultation and quote.

RESOURCE CENTER

Learn More About Trucking

How invoice factoring helps businesses with cash flow issues.

A Guide to Invoice Factoring: A Solution for Business Cash Flow Challenges

January 3, 2025

In today’s fast-paced and competitive market, businesses often face cash flow problems. These issues can slow growth or even threaten…

Double brokering fraud

How Double Brokering Fraud Hurt Carriers and Shippers

September 6, 2024

In the United States, there was a documented double brokering fraud involving a company named “Global Cargo Logistics” (a fictitious…

Fraud in trucking

Stay One Step Ahead: How to Defend Against Trucking Fraud and Scams

September 6, 2024

Trucking fraud is not new, but it has certainly evolved. Even as trucking companies enhance their security measures, fraudsters continue…