PORTLAND, Ore. — Spot market freight availability on TransCore load boards in December rose by 103 percent year over year, to twice the level achieved in the same month of 2008, according to the TransCore Freight Index. Freight volume also exceeded November levels by 11 percent on the North American spot market (United States and Canada). The index is a measure of truckload freight volume found on load boards supported by TransCore’s DAT Network, including 3sixty Freight Match, TruckersEdge.net and the company’s Canadian subsidiary service Link Logistics.
The positive year-over-year comparison results from an unusually strong month in spot market freight contrasted with the extreme weakness of December 2008, and marks ten consecutive months of upward trends on TransCore load boards, the company noted.
December’s ratio of 2.65 loads posted per available truck was 145 percent higher than the load-to-truck ratio for December 2008. TransCore said the strong increase is largely due to the combination of improving load volumes and prior year excess truck capacity that caused carriers to post available trucks more aggressively than seasonal norms.
Although December is typically one of the weaker months for spot freight, it emerged as the strongest month in 2009, surpassing even June and September.
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 freight index is representative of the ups and downs in U.S. spot market freight availability.
TransCore’s Commercial Technology Group privdes transportation solutions in the United States and Canada serving brokers, carriers, owner-operators and shippers with best-in-class products. TransCore also provides fleet compliance, distribution and intermodal services, automated carrier safety and insurance monitoring, truckload rate indices for contract markets, and broker logistics software.
Kevin Jones of The Trucker staff can be reached for comment at firstname.lastname@example.org.
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