TransCore's DAT North American Freight Index rose 24% in February from January, fell 5.2% year-over-year; for seven of last 10 years, February has seen monthly freight volume increases averaging 21%
March 19, 2012
– TransCore’s DAT® North American Freight index was up 24 percent in February compared to January, but declined 5.2 percent compared to February 2011 when the spot market recorded unseasonably strong freight volumes. In seven of the last ten years February has seen month-over-month freight volume increases averaging 21 percent.
TransCore’s monthly DAT North American Freight Index reflects spot market freight availability on the company’s network of load boards in the United States and Canada.
Truckload freight rates followed seasonal patterns on the spot market for February, which is typically a slow month. For dry vans, the predominant equipment type, rates slipped 4.5 percent compared to January. Flatbed rates slipped 0.6 percent and rates for refrigerated (“reefer”) vans declined 2.1 percent month-over-month.
Compared to February 2011, rates were unchanged for vans, while flatbed rates increased 1.3 percent and reefer rates declined 2.1 percent. These rates are derived from the company’s DAT Truckload Rate Index, and do not include fuel surcharges. Spot market rates are paid by brokers and 3PLs to the carrier.
About TransCore DAT:
TransCore DAT serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore provides Keypoint transportation software, the most popular broker logistics software, fleet compliance, distribution and intermodal services, as well as DAT CarrierWatch, automated carrier safety and insurance monitoring and DAT Truckload Rate Index for spot and contract markets rates. TransCore’s asset tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.
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