TransCore's North American Freight index in March up 40% month-over-month, down 6.1% from March 2011 when the spot market achieved record freight volumes in an early spring peak
Kendall Sinclair
PORTLAND, Oregon
,
April 17, 2012
(press release)
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Freight availability and rates on the spot market increased month-over-month and declined slightly year-over-year according to TransCore’s DAT® North American Freight index. The index was up 40 percent in March compared to February and was down 6.1 percent compared to March 2011 when the spot market achieved record freight volumes in an early spring peak.
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 rose on the spot market in March for all equipment types. For dry vans, the most common equipment type, rates increased 3.2 percent compared to February. Flatbed rates gained 1.2 percent and rates for refrigerated (“reefer”) vans rose 0.7 percent month-over-month.
Compared to March 2011, spot market rates slipped 1.5 percent for vans, while rates were unchanged for flatbeds and reefers. Rate information is derived from the company’s DAT Truckload Rate Index, where more complete data by equipment type is available. 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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