Hello, welcome to the March 2023 freight rate and trucking update from TCI Business Capital. Here is what’s happening out on the road.
DAT.com’s March 21st Trendlines Report shows current national van rate averages are at $2.20 per mile, a $.06 decrease from the February average.
According to DAT, the highest average van rates are in the Midwest at $2.47 per mile. The lowest average van rates are in the West at $2.01 per mile.
DAT reports the current national load-to-truck ratio is 2.08 loads to truck, compared to the February 21st average of 2.47. Ratios are highest in the Southeast states. The lowest ratios are in the southwest.
Reefer freight rates are averaging $2.54 per mile, an $.08 decrease from the February average. Reefer rates are highest in the Midwest, averaging $2.99 per mile. The lowest rates are in the Southeast, with an average of $2.33 per mile.
National reefer capacity is at 3.13 loads to truck, compared to the February 21st average of 3.47 loads to truck.
Current load-to-truck capacity shows reefer demand is highest in the Southeast. The southwest has the lowest load-to-truck ratios.
National average flatbed rates are currently $2.73 per mile, $.02 higher than the February average.
The Midwest has the highest average flatbed rates at $3.01 per mile; the lowest rates are in the West, with an average of $2.28 per mile.
Nationally, load-to-truck ratios are at 16.51, compared to 13.97 on February 21st. Load ratios are highest in the northern plains and Pacific Northwest. The Southwest has the lowest load to truck ratios. For more details, visit Dat.com.
Checking fuel prices, the national average diesel price is $4.19 a gallon compared to $4.38 one month ago and is down $.95 compared to one year ago.
The highest average prices are in the New England states at $4.66 a gallon, the lowest are in the gulf coast states at $3.93 per gallon. California diesel prices are averaging $5.26 per gallon.
Since 1994, TCI Business Capital has provided reliable cash-flow to trucking companies through invoice factoring and accounts receivable financing. To learn more about TCI Business Capital and our factoring programs, give us a call at 800-707-4845 or visit tcicapital.com.
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