PORTLAND, Ore. — Freight availability in January rose by 54 percent on the North American spot market compared to January 2009 according to the TransCore North America Freight Index. This marked the fourth consecutive month of improvement on a year-over-year basis.
The TransCore North America Freight Index measures truckload freight volume found on load boards supported by the DAT Network, including 3sixty Freight Match, TruckersEdge.net and LinkLogistics, the company’s Canadian subsidiary.
As expected, there was a month-to-month dip in spot market freight availability from December 2009 to January 2010. Although the 38 percent decline exceeded seasonal norms, the gap can be attributed to December’s unusually high level of spot freight availability rather than unseasonal weakness in January, according to the report.
Brokers, 3PLs, carriers, and owner-operators in North America list more than 50 million loads and trucks per year across a variety of services feeding TransCore’s DAT Network. As a result of this high volume, TransCore says its North America Freight Index is representative of the ups and downs in spot market freight availability throughout the U.S., Canada and Mexico.
TransCore provides fleet compliance, distribution and intermodal services, automated carrier safety and insurance monitoring, truckload rate indices for contract markets, and broker logistics software. TransCore is also the largest global manufacturer of transportation-based radio frequency identification (RFID) applications with 37 million RFID tags and 58,000 readers distributed in more than 40 countries throughout the world.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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