TransCore’s Freight Index Strong in January

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PORTLAND, OR. —TransCore’s North American Freight index marked a record high for the month of January, up five percent compared to January 2011.

Compared to January 2011, truckload freight rates rose 7.3 percent on the spot market for dry vans and 4.5 percent for flatbeds, with reefer vans dropping 0.7 percent.

Year-over-year rate increases in January continued the trend in 2011 when spot market rates rose 7.4 percent overall when compared to 2010.

Seasonal Rate Slip

January’s spot market freight volume slipped eight percent compared to December. The month-over-month seasonal decline, Transcore said, is consistent with historic trends but still less than the prior 10-year average decline of 14 percent.

The typically slow January saw trucking freight volume and rates follow the seasonal pattern, with dry van rates slipping 1.5 percent compared to December, flatbed rates dropping 2.4 percent and reefer rates falling 6.5 percent month-over-month.
 

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