Spot market freight more than doubles y-y
PORTLAND, Ore. — TransCore’s North American Freight Index for June 2010 showed a whopping112 percent increase in spot market freight availability compared to the same time period last year.
The spike between quarters this year was also significant. Spot market freight availability for the second quarter was 60 percent higher than first quarter volume and 331 percent higher than the recession-plagued activity of Q2 2009.
Overall, load volume dipped 11 percent from May to June 2010 as flatbeds receded from five months of extraordinarily high volume, TransCore reports.
Consistent with traditional seasonal trends, dry and reefer van loads were up by 2 percent in June from May.
Brokers, 3PLs, carriers, and owner-operators in North America are on track to list more than 60 million loads and trucks this year across a variety of services feeding TransCore’s DAT Network.
The spot market is the sharpest rising freight sector in North America, with some lanes reporting huge volume increases and rate hikes as much as 30 percent.
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