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TransCore freight index reflects strong November for spot freight market

TransCore's Canadian Freight Index showed a 37% increase in spot market

TransCore’s Canadian Freight Index showed a 37% increase in spot market

freight volumes for November compared to the same month last year.

Volumes were also up 2% compared to October, despite the fact the

month usually shows a decline following the US Thanksgiving, TransCore

notes. November’s results reflect the first month-over-month increase in

load posting activity since August and this November’s freight availability

was the highest for the month since 2007.

TransCore also noted that capacity improved in November. For the first

time since January, equipment postings increased a modest 1% (year-overyear).

This follows double-digit decreases through much of 2010.

For October, the index showed a 26% increase in year-over-year spot

market load levels. October also had the second highest freight volume

compared to the same month over the last five years. However, the

index also recorded a 23-point dip in spot freight availability compared

to September, which was the third consecutive monthly decline at the

time. Load volume levels continue to stay above 200 index points as they

have for nine straight months now.

TransCore derives its index from its Loadlink freight-matching service,

which includes more than 13 million loads and trucks each year.

As a result of this high volume, TransCore believes its Canadian Freight

Index to be representative of the ups and downs in spot market freight

movement and provides a historical account of the domestic and crossborder

spot market freight movement.

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