Spot market freight surges in January: TransCore
PORTLAND, Ore. — TransCore’s Canadian Freight Index recorded its highest load volumes ever for the month of January, with volumes exceeding the previous record set in 2008 by 4%.
January load postings were up 30% compared to January 2010 while month-over-month load postings declined about a percentage point from December.
Meanwhile, Canadian equipment postings decreased to the lowest levels for the month in over five years, TransCore reported.
The company’s North American Freight Index also reached a new high for the month of January. TransCore has been tracking North American load volumes for 30 years.
The spot market saw a 62% increase in truckload freight availability year-over-year in January.
TransCore also saw spot market rates increase for all truck types in January. Compared to January 2010, dry van rates were 14% higher, flatbed rates were up 11% and reefer rates were 6% higher than the same period a year ago. However, compared to December 2010, rates were down slightly in all segments.
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