Spot market freight volume, rates up in March: TransCore
PORTLAND, Ore. — Freight availability and rates on the spot market increased month-over-month and declined slightly year-over-year in March, according to TransCore’s DAT North American Freight index. The index was up 40% in March compared to February and was down 6.1% compared to March 2011 when the spot market achieved record freight volumes in an early spring peak.
TransCore’s monthly DAT North American Freight Index reflects spot market freight availability on the company’s network of load boards in the US and Canada.
Truckload freight rates rose on the spot market in March for all equipment types. For dry vans, the most common equipment type, rates increased 3.2% compared to February. Flatbed rates gained 1.2% and rates for refrigerated vans rose 0.7% month-over-month.
Compared to March 2011, spot market rates slipped 1.5% for vans, while rates were unchanged for flatbeds and reefers. Rate information is derived from the company’s DAT Truckload Rate Index. Spot market rates are paid by brokers and 3PLs to the carrier.
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