TransCore: 4th quarter spot market jumps

| January 26, 2011

TransCore said its North American Freight Index that monitors spot market truckload freight movement throughout the United States and Canada ended the year with a 55 percent increase in December when compared to December 2009.

TransCore said spot market freight volumes for the third and fourth quarters in 2010 were the highest since 2005, a peak year for spot market volume. According to TransCore, load availability in December increased by 0.2 percent from November, signaling robust freight shipping on the spot market.

TransCoreā€™s Truckload Rate Index showed spot market linehaul rates for vans remained stable at $1.28; freight typically picks up in the first quarter and continues through spring. The national average spot market linehaul rates for refrigerated trucks softened by 5 cents (3.3 percent), and flatbed rates dipped by 1 cent.

Spot market rates are the rates that brokers and third-party logistics companies pay to the carrier.

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