Freight index up 8.4 percent

| September 12, 2012

TransCore on Wednesday, Sept. 12, announced that its DAT North American Freight Index outpaced August 2011 volume by 8.4 percent, the sixth time in 2012 that volume has exceeded prior-year levels. Freight volume on the spot market, month-over-month, edged above July by 1.1 percent, following a typical seasonal pattern.

Truckload freight rates on the spot market continued their expected seasonal decline in August from their June peak; however, rates across all equipment types were higher year-over-year. Rates for dry vans declined 5.0 percent compared to July but were up 2.3 percent versus August 2011; Refrigerated van (“reefer”) rates slid 4.7 percent but increased 5.8 percent year-over-year; and flatbed rates dipped 1.1 percent but rose 2.9 percent when compared to the same month last year.

The monthly DAT North American Freight Index reflects spot market freight availability on TransCore’s network of load boards in the United States and Canada. Rates are derived from the DAT Truckload Rate Index and do not include fuel surcharges. Spot market rates are paid by brokers and third-party logistics providers to the carrier.

Notice: Overdrive is transitioning to a new comment platform due to technical problems with the former commenting system. The new commenting system is now live. We are currently in the process of moving all of the comments from the old system into the new system. We appreciate your patience in the meantime.