June 2020: Rates Rise but Are Still Below Average
Another month, another update regarding average freight rates for dry van, flatbed, and reefer hauling.
By coronavirus standards, rates are doing very well, and have passed pre-pandemic rates for dry van and reefer. By June standards, however, the freight rate still leaves a little bit to be desired. This point is best illustrated via graph, where rates are either only a penny above, slightly below, or very far below previous June months for the last three years.
If there is one silver lining, the trucking industry is closer to exceeding pre-pandemic levels than ever before. We will update you when flatbed exceeds $2.14 per mile, and we will break out the confetti to celebrate.
CORONAVIRUS [COVID-19] UPDATES AND ARTICLES
- Trucker’s Guide to When Every State is Reopening
- FMSCA Extends Hours of Service Relief Declaration
- How Truck Drivers Can Keep Their Cabs Clean During COVID-19
- International Roadcheck Delayed Over COVID-19 Fears
- Pennsylvania Reopens (Some) Rest Stops
- Truck Dealers Seek “Essential Status”
- Navistar And Paccar Halt Production
- Mack And Volvo Suspend Truck Production
- Fmcsa Expands Its COVID-19 Response
#THANKATRUCKER
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and equipment financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
We have financing options for semi-trucks, commercial trucks, trailers, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.
Learn more about Semi-Truck Financing
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.
