Spot freight up significantly over ’08, firm says
PORTLAND, Ore. — North American spot market freight availability increased by 65 percent in November compared to the same period last year, according to the TransCore Freight Index.
The index — a measure of truckload freight volume found on load boards supported by the DAT Network, including 3sixty Freight Match and TruckersEdge.net, indicates that load-to-truck ratios on the spot market have been trending upward since February.
November’s ratio of 2.5 loads posted per available truck was 120 percent higher than the load-to-truck ratio for November 2008, indicating that carriers posted their available equipment more aggressively.
Although November 2009 freight volume was down 4.4 percent from October’s, a year ago freight availability in the spot market declined 37 percent over the same two month period.
Brokers, 3PLs, carriers, and owner-operators in North America list more than 50 million loads and trucks per year across a variety of services feeding TransCore’s DAT Network, the company says.
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