Hello! Welcome to the March 2024 freight rate and trucking update from Scale Funding. Here’s what’s happening out on the road.
DAT.com’s March 10th Trendlines Report shows current national van rate averages are at $2.01 per mile, ¢5 lower than the February average.
According to DAT, the highest average van rates are in the Midwest at $2.28 per mile. The lowest average van rates are in the East Coast at $1.89 per mile.
DAT reports the current national load-to-truck ratio is 2.74 loads-to-truck, compared to the February average of 2.82. Ratios are highest in the East Coast states. The lowest ratios are in the North and West Coast states.
Reefer freight rates are averaging $2.33 per mile, ¢9 lower than in February. Reefer rates are highest in the Midwest, averaging $2.71 per mile. The lowest rates are in the Northeast, with an average of $2.15 per mile.
National reefer capacity is at 4.54 loads-to-truck, compared to the February average of 4.44 loads-to-truck. Current load-to-truck capacity shows reefer demand is highest in the Southern states. The Midwest states have the lowest load-to-truck ratios.
National average flatbed rates are currently $2.49 per mile, ¢1 higher than the February average. The Midwest has the highest average flatbed rates at $2.72 per mile. The lowest rates are in the West, with an average of $2.18 per mile.
Nationally, load-to-truck ratios are at 16.93, compared to 13.65 in February. Load ratios are highest in the Southeast. The Southwest has the lowest load-to-truck ratios. For more details, visit Dat.com.
Checking fuel prices, the national average diesel price is $4.00 a gallon compared to $4.11 one month ago and is down ¢24 compared to one year ago.
East Coast diesel prices are averaging $4.12 per gallon. The average price in the Midwest is $3.91 per gallon. California diesel prices are averaging $5.21 per gallon.
Since 1994, Scale Funding has provided reliable cash flow to trucking companies through invoice factoring and accounts receivable financing. To learn more about Scale Funding and our factoring programs, give us a call at 800-707-4845 or visit www.getscalefunding.com.
