North American Freight index for September rose 3.2% month-over-month, surged 45% year-over-year; September marked highest same-month spot market freight availability since Hurricane Katrina aftermath: TransCore
October 17, 2011
– TransCore’s September North American Freight Index rose 3.2 percent compared to August and 45 percent compared to September 2010. September marked the highest same-month spot market freight availability since the aftermath of Hurricane Katrina. The month-over-month increase from August to September follows typical, seasonal patterns.
Alongside the increase in spot market freight volumes, truckload freight rates rose in September for all equipment types. National average rates increased 2.3 percent for dry vans compared to August and 3.9 percent compared to September 2010, excluding fuel surcharge. Refrigerated (“reefer”) van rates were up 1.3 percent versus August, and 2.1 percent compared to September 2010. Flatbed rates were stable month-over-month with a 0.6 percent increase compared to August, but that segment gained 10.2 percent year-over-year due to high demand. Spot market rates are paid to the carrier by freight brokers and third-party logistics (3PL) companies.
TransCore’s monthly North American Freight Index reflects spot market freight availability on the company’s network of load boards in the United States and Canada.
About TransCore Freight Solutions:
TransCore Freight Solutions 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 TransCore CarrierWatch, automated carrier safety and insurance monitoring and TransCore 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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