Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
Trucking Industry News & Information
Read the Latest on What's Happening in Trucking Across the US

US Trucking News & Information

Scale Funding is pleased to present the latest trucking news & information for the US freight industry. The news and information are compiled from a variety of sources across the web.

Trucking News – US Diesel Fuel Prices

As of February 18, 2024 – Courtesy of US Energy Information Agency

Average US diesel fuel prices as of February 18, 2024

Change from
2/05/24 2/12/24 2/19/24 Week Ago Year Ago
US 3.899 4.109 4.109 0.000 -0.267
East Coast (PADD 1) 4.043 4.201 4.240 0.039 -0.332
New England (PADD 1A) 4.324 4.350 4.320 0.030 -0.641
Central Atlantic (PADD 1B) 4.275 4.317 4.355 0.038 -0.515
Lower Atlantic (PADD 1C) 3.929 4.143 4.189 0.046 -0.232
Midwest (PADD 2) 3.738 4.042 4.010 -0.032 -0.184
Gulf Coast (PADD 3) 3.702 3.865 3.844 -0.021 -0.256
Rocky Mountain (PADD 4) 3.650 3.805 3.957 0.152 -0.664
West Coast (PADD 5) 4.551 4.723 4.721 -0.002 -0.251
West Coast less California 4.054 4.264 4.254 -0.010 -0.339
California 5.121 5.250 5.258 0.008 -0.149

Trucking News – US Freight Rates

February 18, 2024 – Courtesy of DAT Trendlines 

February 2024 Freight Rates

Feb 12 – Feb 18 vs. Feb 05 – Feb 11 Jan 2024 vs. Dec 2023 Jan 2024 vs. Jan 2023
Spot Market Loads -16.6% +49.6% -36.7%
Spot Market Capacity -1.7% +0.5% -23.7%
Van Load-To-Truck -20.8% +39.4% -10.6%
Van Rates (Spot) -1.1% +1.5% -10.0%
Flatbed Load-To-Truck -3.6% +60.9% -33.8%
Flatbed Rates (Spot) +0.3% +1.9% -10.2%
Reefer Load-To-Truck -19.1% +60.2% -14.9%
Reefer Rates (Spot) -2.3% +3.8% -7.7%
Fuel Prices +5.4% -3.0% -15.8%

 

For more information on DAT products & services, visit DAT.com

 

Trucking and Freight Factoring With Scale Funding

Trucking and freight factoring is a type of financing commonly used by fleet owners to improve their cash flow. Factoring is simply the converting or selling of open receivables to a factoring company for immediate cash. Companies using invoice factoring have consistent cash for fuel, payroll, maintenance, and more.

Scale Funding has been a trucking and freight factoring leader since 1994. From the knowledge and experience built up from years of serving clients in the trucking industry, Scale Funding offers customized factoring solutions for each client. For more information on our factoring programs, fill out the form on our website or call (800) 707-4845.