The availability of spot market freight gained 9 percent in September from August, according to the TransCore Freight Index, an indicator that the freight market is starting to see improvements
. The TransCore Freight Index measures truckload freight volume on load boards supported by the DAT Network, including 3sixty Freight Match and TruckersEdge.net.
According to TransCore, freight has been on the rise for the last three months, showing better-than-seasonal improvement. In addition, load-to-truck ratios on the spot market have been rising since February.
The September result was down 14 percent from the year-ago period, but spot freight is expected to exceed the fourth quarter of 2008 on a year-over-year basis.
Brokers, 3PLs, carriers, and owner-operators in North America list more than 50 million loads and trucks per year across a variety of services feeding TransCore's DAT Network. As a result of this high volume, TransCore's Freight Index is representative of the ups and downs in U.S. spot market freight availability.
TransCore Freight Index Gains 9 Percent in September
The availability of spot market freight gained 9 percent in September from August, according to the TransCore Freight Index, an indicator that the freight market is starting to see improvement
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