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The amount of freight carried by the for-hire transportation industry in the U.S. rose 0.4% in August from July, rising for the second consecutive month to reach the second highest level in the history of the Bureau of Transportation Statistics’ Freight Transportation Services Index which goes back to 2000.
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Spot market freight volumes reported by the DAT North American Freight Index rose another 0.4% in August, edging above July levels. Freight volume typically peaks on the spot market in June, but this year has extended through the entire summer.
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