Spot freight highest since ’07
TORONTO — While the U.S. Thanksgiving holiday has historically resulted in a reduction of month-over-month spot freight volumes, TransCore’s Canadian Freight Index shows a slight increase last month compared to November 2009.
Volumes were also up by 2 percent from October 2010 and reached the highest level since 2007.
November also saw a capacity improvement, says TransCore.
"For the first time since January, equipment postings increased. The increase was a modest one percent year over year, but compared to considerable double digit decreases seen in 2010, the shift is noteworthy."
Monitoring about 13 million loads, TransCore says its Canadian Freight Index is representative of the ups and downs in spot market freight movement.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.