Spot market freight abundant: TransCore index
TORONTO, Ont. — TransCore’s Canadian Freight Index continues to show strong spot market freight volumes, up 50% year-over-year in August.
The index was up 2% over July and posted its strongest August in five years.
Combined cross-border loads were up 55% year-over-year while equipment availability dropped 16% compared to last August. TransCore officials say the increase in freight availability coupled with a decline in trucks searching for freight is a pattern that has continued for the past eight months.
August also represents the fifth strongest month for spot market freight availability in 2010.
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