TransCore’s North American Freight Index Remains Strong
Highest September Spot Market Truck Freight since 2005
On a month-over-month basis, September load volume was 4.9 percent higher than in August. Much of the incremental volume materialized in the final days of the month, as shippers rushed freight out the door before closing the third quarter. In the past six years, spot freight volume increased month-over-month three times by an average of 19 percent, and declined three times by an average of 15 percent, yielding a six-year average increase of 1.7 percent from August to September.
The increase in demand led to a slight uptick in truckload freight rates on the spot market, as measured by TransCore’s Truckload Rate Index, which is calculated using actual payments from brokers to carriers. National average line haul rates for refrigerated (“reefer”) and dry vans increased in September by
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TransCore’s Freight Solutions serves brokers, 3PLs, carriers, owner-operators and shippers in
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Source: TransCore Freight Solutions
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