North American spot market surges 8.4% year-over-year in August
September 12, 2012
PORTLAND, Ore. -- TransCore’s DAT North American Freight Index outpaced August 2011 volume by 8.4%, marking the sixth time in 2012 volume has exceeded prior year levels. Freight volume on the spot market, month-over-month,...
PORTLAND, Ore. — TransCore’s DAT North American Freight Index outpaced August 2011 volume by 8.4%, marking the sixth time in 2012 volume has exceeded prior year levels. Freight volume on the spot market, month-over-month, edged above July 2012 by 1.1%, following a typical seasonal pattern, TransCore said.
The monthly DAT North American Freight Index reflects spot market freight availability on TransCore’s network of load boards in the US and Canada.
Truckload freight rates on the spot market continued their expected seasonal decline in August from their June peak, however, rates across all equipment types were higher year-over-year. Rates for dry vans declined 5.0% compared to July, but were up 2.3% versus August 2011. Refrigerated van rates slid 4.7%, but increased 5.8% year-over-year. Flatbed rates dipped 1.1%, but rose 2.9% when compared to the same month last year.
Rates are derived from the DAT Truckload Rate Index and do not include fuel surcharges. Spot market rates are paid by brokers and 3PLs to the carrier.
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