| [February 13, 2012] |
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TransCore's North American Freight Index Shows Strength in Freight Volume and Rates Continued in January
PORTLAND, Ore. --(Business Wire)--
TransCore's
North American Freight index marked a record high for the month of
January, up five percent compared to January 2011. Month-over-month,
January's spot market freight volume slipped eight percent compared to
December. The month-over-month seasonal decline is consistent with
historic trends but less than the prior ten year average decline of 14
percent.
TransCore's monthly North American Freight Index reflects spot market
freight availability on the company's network of load
boards in the United States and Canada.
Truckload freight rates increased 7.3 percent on the spot market for dry
vans and 4.5 percent for flatbeds, compared to January 2011, while
declining 0.7 percent for refrigerated ("reefer") vans. The
year-over-year rate increase in January continues the trend seen
throughout 2011, when spot market rates rose 7.4 percent overall
compared to 2010.
Rates followed seasonal patterns for January, which is typically a slow
month for trucking freight volume and rates. For dry vans, the
predominant equipment type, rates slipped 1.5 percent compared to
December. Flatbed rates declined 2.4 percnt and reefer rates slipped
6.5 percent month-over-month. These rates are derived from TransCore's Truckload
Rate Index, and do not include fuel surcharges. Spot market rates
are paid by brokers and 3PLs to the carrier.
About TransCore Freight Solutions:
TransCore Freight
Solutions serves brokers, carriers, owner-operators and shippers in
the United States and Canada with best-in-class products. Load boards
include Loadlink in Canada and TransCore
3sixty powered by the DAT
Network in the United States, which has set the industry standard
for the spot freight marketplace since 1978. TransCore provides Keypoint
transportation software, the most popular broker
logistics software, fleet
compliance, distribution
and intermodal services, as well as TransCore
CarrierWatch, automated carrier safety and insurance monitoring and TransCore
Truckload Rate Index for spot and contract markets rates.
TransCore's asset
tracking and in-cab
communications solutions feature the industry's fastest response
times and state-of-the-art satellite networking.
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