Tuesday, January 16, 2018

TransCore: Freight spot market soars in February


Monday, March 15, 2010
February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004, according to the TransCore North American Freight Index.
February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004, according to the TransCore North American Freight Index.

PORTLAND, Ore. — Freight availability in February more than tripled on the North American spot market, compared to February 2009, with a 215 percent increase according to the TransCore Freight Index. This marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume, according to TransCore.

February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004.

The TransCore North American Freight Index measures truckload freight volume found on the company’s load boards, including 3sixty Freight Match, TruckersEdge.net and LinkLogistics, the company’s Canadian subsidiary.

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, according to the company. As a result of this high volume, TransCore says its North American Freight Index is representative of the ups and downs in spot market freight availability throughout the U.S. and Canada.

TransCore’s Commercial Technology Group provides of transportation solutions in the United States and Canada serving brokers, carriers, owner-operators.

TransCore’s Trendlines, available online, provides a selection of key industry indicators drawn from third-party sources and TransCore's Freight Index.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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