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Spot market freight index gains in October

Penske X Logistics Warehouse Dock OdTransCore on Nov. 18 said its North American Freight Index reported a 69 percent increase in spot market freight availability in October, compared to the previous year.

This marks the third consecutive month when spot freight achieved the highest year-over-year levels since 2005, which was a peak year for spot market volume.

On a month-over-month basis, October load volume was stable, with a 0.9 percent increase compared to September.

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