PORTLAND, Ore. - TransCore’s DAT® North American Freight index was up 24 percent in February compared to January, but declined 5.2 percent compared to February 2011 when the spot market recorded unseasonably strong freight volumes. In seven of the last ten years February has seen month-over-month freight volume increases averaging 21 percent.
TransCore’s monthly DAT North American Freight Index reflects spot market freight availability on the company’s network of load boards in the United States and Canada.
Truckload freight rates followed seasonal patterns on the spot market for February, which is typically a slow month. For dry vans, the predominant equipment type, rates slipped 4.5 percent compared to January. Flatbed rates slipped 0.6 percent and rates for refrigerated (“reefer”) vans declined 2.1 percent month-over-month.
Compared to February 2011, rates were unchanged for vans, while flatbed rates increased 1.3 percent and reefer rates declined 2.1 percent. These rates are derived from the company’s DAT Truckload Rate Index, and do not include fuel surcharges. Spot market rates are paid by brokers and 3PLs to the carrier.
DAT, a TransCore business unit, serves brokers, carriers, owner-operators and shippers with best-in-class products. The DAT Network of load boards in the United States has set the industry standard for the spot freight marketplace since 1978. TransCore also provides Keypoint transportation software, the most popular broker logistics software, fleet compliance, as well as DAT CarrierWatch, automated carrier safety and insurance monitoring and DAT RateView for spot and contract markets rates. All marks are the property of their respective owners.
Eileen Hart, 800-547-5417 ext. 5132