TransCore announced that the spot freight market continued a strong showing, with a 122-percent increase in spot market freight availability in July, compared to this time last year. However, consistent with normal seasonal patterns, July's North American load volume was 14 percent lower than June's.
"Freight continues to be robust, while increased truck availability on the spot market is easing capacity constraints for brokers and shippers," said David Schrader, senior vice-president, TransCore.
In other month-over-month comparisons, spot freight loads for dry vans and refrigerated (reefer) vans each dipped 8 percent in July compared to June, while flatbed load availability declined 17 percent.
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 NetworkÂ®. 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 DAT Network sets the standard for load board services in the North America by providing:
• The most loads and trucks found on any load board on the internet or in truck stops,
• The highest number of exclusive loads found on a single load board,
• The best quality brokers in the industry with the highest credit scores and lowest-days-to-pay.
About TransCore Commercial Technology Group:
TransCore's Commercial Technology Group is a leading provider of transportation solutions in the United States and Canada serving brokers, carriers, owner-operators and shippers with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States, which has set the industry standard for the spot freight marketplace since 1978. TransCore's asset tracking and in-cab communications solutions feature the industry's fastest response times and state-of-the-art satellite networking. TransCore provides fleet compliance, distribution and intermodal services, automated carrier safety and insurance monitoring, truckload rate indices for contract markets, and the most popular broker logistics software.
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