Thursday, January 18, 2018

TransCore: Spot market freight sets May record


Friday, June 18, 2010
Freight availability increased in May for dry vans and refrigerated (reefer) vans in advance of the peak summer season. However, spot freight for flatbeds fell by 15 percent compared to April’s extremely high level, the TransCore report said.
Freight availability increased in May for dry vans and refrigerated (reefer) vans in advance of the peak summer season. However, spot freight for flatbeds fell by 15 percent compared to April’s extremely high level, the TransCore report said.

PORTLAND, Ore. — Spot market freight availability increased by 216 percent in May, compared to the same month in 2009, according to TransCore’s North American Freight Index. This was the strongest volume for the month of May in at least 10 years, according to the company.

Spot market freight availability has been higher than normal since January. Freight availability increased in May for dry vans and refrigerated (reefer) vans in advance of the peak summer season. However, spot freight for flatbeds fell by 15 percent compared to April’s extremely high level, the TransCore report said.

Brokers, 3PLs, carriers, and owner-operators in North America are on track to list more than 60 million loads and trucks this year across a variety of services feeding TransCore’s DAT Network, according to the company. As a result of this high volume, TransCore’s 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 serves brokers, carriers, owner-operators and shippers with load boards including Loadlink in Canada and 3sixty Freight Match powered by the DAT Network in the United States. TransCore 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 kevinj@thetrucker.com.

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