N.A. Spot Market Freight Surges 24% in February, Declines Year-Over-Year
TransCore’s DAT North American Freight index was up 24% in February compared to January, but declined 5.2% compared to February 2011 when the spot market recorded unseasonably strong freight volumes. In seven of the last 10 years, February has seen month-over-month freight volume increases averaging 21%, according to the report. […]
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% compared to January. Flatbed rates slipped 0.6% and rates for refrigerated vans declined 2.1% month-over-month. Read more here.
Date: March 23, 2012