Executive Briefings

Spot Freight in November Up 65 Percent Over 2008

Spot market freight availability increased by 65 percent in November compared to last year, according to the TransCore Freight Index, a measure of truckload freight volume found on load boards supported by the DAT Network.

Load-to-truck ratios on the spot market have been trending upward since February. November's ratio of 2.5 loads posted per available truck was 120 percent higher than the load-to-truck ratio for November 2008, because of increasing freight volume in 2009 and excess capacity in Q4 2008 that led carriers to post their available equipment more aggressively than would be typical for the holiday shipping season.

November's results also continue a four-month trend of better-than-seasonal improvement. 

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Spot market freight availability increased by 65 percent in November compared to last year, according to the TransCore Freight Index, a measure of truckload freight volume found on load boards supported by the DAT Network.

Load-to-truck ratios on the spot market have been trending upward since February. November's ratio of 2.5 loads posted per available truck was 120 percent higher than the load-to-truck ratio for November 2008, because of increasing freight volume in 2009 and excess capacity in Q4 2008 that led carriers to post their available equipment more aggressively than would be typical for the holiday shipping season.

November's results also continue a four-month trend of better-than-seasonal improvement. 

Read Full Article