Spot market freight availability increased by 9 percent in October when compared to October 2008, according to the TransCore Freight Index, a measure of truckload freight volume found on load boards supported by the company's DAT Network. The positive year-over-year comparison represents the first such result in 2009.
On a month-to-month basis, October freight volume was down 2.3 percent compared to September. The modest decline from September compares favorably to last year's decline of 23 percent from the prior month. October's results continue a four-month trend of better-than-seasonal improvement.
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.
Read Full Article
Enjoy curated articles directly to your inbox.