TransCore reports record spot market freight volumes available in April
PORTLAND, Ore. — TransCore’s North American Freight Index indicated a record volume of spot market freight was available in April.
The index reported April had the highest single month volume since the index was established in 1996. On a year-over-year basis, freight volumes were up 17% and April’s volumes were 3.5% greater than this March.
The index is derived from TransCore’s network of load boards in the US and Canada.
Truckload freight rates increased in April month-over-month, the index shows. Dry van rates were up 3.1% compared to March, while flatbed rates climbed 4.9% and reefer rates rise 5.5%.
Compared to the year before, spot market rates were stable, rising just 0.1% for van loads, 1.2% for flatdeck and actually declining 1.8% in the reefer market.
The rates do not take fuel surcharges into account.
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