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 unit of TransCore, is the world’s leading freight marketplace platform and information provider. Through its solutions, DAT Load Boards, TruckersEdge, and DAT RateView, the company hosts over 90 million spot load and truck listings and compiles $20 billion of transacted shipment data annually, as well as automated carrier safety and insurance monitoring through DAT CarrierWatch. DAT is the trucking and transportation industry’s preferred resource for real-time supply, demand, and rate analytics.
Eileen Hart, 800-547-5417 ext. 5132