Spot freight index up 215% in February
Freight availability on the North American spot market in February more than tripled from a year earlier, based on the TransCore Freight Index.
February’s increase of 215 percent marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume.
The level for February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004.
The TransCore North America Freight Index measures truckload freight volume found on load boards powered by the DAT Network, including 3sixty Freight Match, TruckersEdge.net and LinkLogistics, the company’s Canadian subsidiary.