September a good month for spot market freight: TransCore
PORTLAND, Ore. — TransCore’s North American Freight Index remained strong through September, posting the highest spot market truck freight availability since 2005.
The index was up 65% compared to September 2009. TransCore predicts year-over-year increases will be progressively less dramatic in the coming months, since volumes began their improvement in the fourth quarter of 2009.
On a month-over-month basis, September’s load volume was up 4.9% over August. TransCore notes much of the incremental volume materialized late in the month as shippers rushed freight out the door before closing their third quarters.
TransCore’s North American index also showed a slight uptick in truckload freight rates on the sport market.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.