Spot market freight reaching new levels
PORTLAND, Ore. — According to TransCore’s North American Freight Index, April’s spot market volume was the highest in any single month since November 2005, which was a record year for spot market freight.
Spot market freight availability increased by 291 percent in April, compared to the same month in 2009. As well, load volume was nearly 25 percent higher than in March, more than double the average month-over-month increase for this season.
The index is based on millions of spot truckloads and available trucks fed into TransCore’s DAT Network — a load board for shippers and carriers in the U.S. and Canada. The company says 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.
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