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.
About DAT Solutions
DAT operates the largest spot freight marketplace in North America. Transportation brokers, carriers, news organizations and industry analysts rely on DAT for market trends and data insights derived from 100M annual freight matches and a database of $28B of market transactions. Related services include a comprehensive directory of companies with business history, credit, safety, insurance and company reviews; broker transportation management software; authority, fuel tax, mileage, vehicle licensing, and registration services; and carrier onboarding.
Founded in 1978, DAT Solutions, LLC is a wholly owned subsidiary of Roper Technologies (NYSE:ROP), a diversified technology company and constituent of the S&P 500, Fortune 1000 and Russell 1000 indices. www.DAT.com
Vice President, Marketing & Corporate Communications