Freight Factoring Solutions with Scale Funding
Scale Funding specializes in providing cash-flow solutions for trucking owners through our freight factoring programs. With extensive transportation industry knowledge, we speak your language and understand your needs. Our services offer quick access to working capital and customized solutions to keep your business moving forward.
Get a Quote
Trucking News – US Freight Rates
August 12, 2024– Courtesy of DAT Trendlines
| August 2024 Freight Rates | |||
| Aug 05 – Aug 11 vs. Jul 29 – Aug 04 | Jul 2024 vs. Jun 2024 | Jul 2024 vs. Jul 2023 | |
| Spot Market Loads | -12.7% | -7.0% | +5.9% |
| Spot Market Capacity | +1.5% | +6.5% | -10.6% |
| Van Load-To-Truck | -14.5% | -11.5% | +14.9% |
| Van Rates (Spot) | -1.0% | +0.1% | -0.2% |
| Flatbed Load-To-Truck | -18.1% | -18.9% | +25.4% |
| Flatbed Rates (Spot) | -0.8% | -1.3% | -2.4% |
| Reefer Load-To-Truck | -8.5% | -7.3% | +19.8% |
| Reefer Rates (Spot) | -0.7% | +0.0% | +0.4% |
| Fuel Prices | 0% | 2.4% | -1.9% |
Van Freight Rates – August 12, 2024
DAT dot com’s August 12th Trendlines Report shows current national van rate averages are at $2.02 per mile, $0.08 less than the July average.
According to DAT, the highest average van rates are in the Midwest at $2.16 per mile. The lowest average van rates are in the Northeast at $1.79 per mile.
DAT reports the current national load-to-truck ratio is 3.79 loads-to-truck, compared to the July average of 4.18. Ratios are highest in the Southern and West Coast states. The lowest ratios are in the Northern states.
Reefer Freight Rates – August 12, 2024
Reefer freight rates are averaging $2.39 per mile, ¢8 lower than in July. Reefer rates are highest in the Midwest, averaging $2.59 per mile. The lowest rates are in the Northeast, with an average of $2.06 per mile.
National reefer capacity is at 6.32 loads-to-truck, compared to the July average of 6.52 loads-to-truck.
Current load-to-truck capacity shows reefer demand is highest in the Southern states. The North and Northeast states have the lowest load-to-truck ratios.
Flatbed Freight Rates – August 12, 2024
National average flatbed rates are $2.44 per mile, $0.08 less than the July average.
The Southeast has the highest average flatbed rates at $2.59 per mile. The lowest rates are in the West, with an average of $2.21 per mile.
Nationally, load-to-truck ratios are at 9.19, compared to 11.89 in July. Load ratios are highest in the Southeast. The Northern states have the lowest load-to-truck ratios. For more details, visit Dat.com.
*Diesel fuel price map as of August 12, 2024.
Checking fuel prices, the national average diesel price is $3.70 a gallon compared to $3.83 one month ago and is down $0.67 compared to one year ago.
East Coast diesel prices are averaging $3.78 per gallon. The average price in the Midwest is $3.68 per gallon. California diesel prices are averaging $4.76 per gallon.
| Change from | |||||
| 07/29/24 | 08/05/24 | 08/12/24 | Week Ago | Year Ago | |
| US | 3.768 | 3.755 | 3.704 | -0.051 | -0.674 |
| East Coast (PADD 1) | 3.844 | 3.830 | 3.778 | -0.052 | -0.624 |
| New England (PADD 1A) | 4.089 | 4.073 | 4.058 | -0.015 | -0.312 |
| Central Atlantic (PADD 1B) | 4.028 | 3.991 | 3.961 | -0.030 | -0.538 |
| Lower Atlantic (PADD 1C) | 3.751 | 3.742 | 3.681 | -0.061 | -0.690 |
| Midwest (PADD 2) | 3.727 | 3.729 | 3.681 | -0.048 | -0.636 |
| Gulf Coast (PADD 3) | 3.468 | 3.436 | 3.371 | -0.065 | -0.724 |
| Rocky Mountain (PADD 4) | 3.718 | 3.702 | 3.697 | -0.005 | -0.697 |
| West Coast (PADD 5) | 4.370 | 4.356 | 4.309 | -0.047 | -0.777 |
| West Coast less California | 3.968 | 3.951 | 3.913 | -0.038 | -0.797 |
| California | 4.831 | 4.821 | 4.763 | -0.058 | -0.755 |
Factoring for Trucking Companies
Factoring is a common financing solution for trucking companies to access cash tied up in their receivables. Instead of waiting weeks or months for customer payment, get paid same-day with Scale Funding. We’re proud to be the top factoring company for trucking companies across the United States.
Benefits of Factoring with Scale Funding:
- 15 Minute Consultation and Quote
- Simple Setup
- Same-Day Funding
- Customized Programs
- Low Rates
To learn more about our freight factoring services, call Scale Funding at (800) 707-4845 or contact us via the web. Would you like to receive freight trends and other industry news in your inbox? Fill out the form below.
