Spot freight market up 54% year-over-year in January

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Freight availability in January rose by 54 percent on the North American spot market compared to January 2009, marking the fourth consecutive month of improvement on a year-over-year basis, according to the TransCore North America Freight Index. A month-to-month dip of 38 percent from December 2009 to January 2010 exceeded seasonal norms, which TransCore attributed to December’s unusually high level of spot freight availability rather than unseasonal weakness in January.

The TransCore North America Freight Index measures truckload freight volume found on load boards supported by the DAT Network, including 3sixty Freight Match, TruckersEdge.net and LinkLogistics, the company’s Canadian subsidiary.