TransCore’s Spot Market Freight Climbs 24 Percent Over January
PORTLAND, OR. – TransCore’s DAT North American Freight index was up 24 percent in February compared to January, following the trend over the last seven years when the index has increased an average of 21 percent month-over-month.
Year-over-year, however, the index dropped 5.2 percent, but TransCore notes February 2011’s unseasonably strong freight volumes.
Truckload freight rates followed seasonal patterns on the spot market for February – typically a slow month.
Dry vans slipped 4.5 percent month-over-month, and flatbed rates dropped a modest 0.6 percent. Reefer rates dropped 2.1 percent.
Compared to February 2011, rates – not including fuel surcharges – were unchanged for vans, while flatbed rates increased 1.3 percent and reefer rates declined 2.1 percent, TransCore reported.
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