Spot market soars to near record level year-over-year

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Freight availability in February more than tripled on the North American spot market compared to February 2009, with a 215 percent increase, according to the TransCore Freight Index. This marked the fifth consecutive month of improvement on a year-over-year basis and indicated unusually strong seasonal volume. February, normally a weak month for spot freight, was within 5 percent of the record levels reached in 2004.

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