TransCore’s year-over-year North American Freight Index up 39% in October

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TransCore on Monday, Nov. 14, announced its North American Freight Index climbed 39 percent last month compared to October 2010. This was the highest same-month volume since the aftermath of Hurricane Katrina that drove spot market demand to record levels in 2005. Compared to September, spot market freight volume slipped 3.7 percent, reflecting normal seasonality.

Truckload freight rates also increased year-over-year on the spot market in October and showed mixed results among equipment types compared to September. For dry vans, rates rose 6.3 percent compared to October 2010 and increased 1.5 percent compared to September. National average rates for flatbeds increased 12 percent year-over-year and remained stable compared to September. Refrigerated van rates rose 2.7 percent year-over-year and cooled seasonally by 2.5 percent versus September.

TransCore’s monthly North American Freight Index reflects spot market freight availability on the company’s network of load boards. Rate information is provided by TransCore’s Truckload Rate Index and reflects linehaul rates, excluding fuel surcharge.