TransCore’s North American Freight Index Reports Fourth Consecutive Month of Near-Record Spot Market Truckload Freight

<location value="LU/us.or.portld" idsrc="xmltag.org">PORTLAND, Ore.--(BUSINESS WIRE)-- Since August, TransCore’s spot market freight volume has exceeded same-month levels for every year since 2005, the peak year for truckload freight on the spot market. November was no exception, up 72 percent from a year ago, according to the TransCore North American Freight Index.

The expected seasonal decline from October to November was just 2.3 percent, significantly less than the 16 percent average over the past five years, a further indication of spot market freight strength going into the holidays.

TransCore also reported improving spot market rates, confirming November’s robust volume. The national average line-haul rates for refrigerated (“reefer”) and flatbed trucks rose by $0.01 (0.7 percent) on the spot market month-over-month while van rates remained stable, according to the TransCore Truckload Rate Index. Spot market rates are the rates that brokers and third-party logistics (3PL) companies pay to the carrier.

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. Loadboards 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.

TransCoreBarbara Catlin, 972-740-7150
Barbara.Catlin@TransCore.com

Source: TransCore Freight Solutions