Spot Market Freight Going Strong in November
PORTLAND, OR— Although there was less spot market freight available in November compared to October, the numbers were up from last year in the U.S. and Canada, according to DAT North American Freight Index.
There was about 9.5 percent less freight available in November than October, but that’s because there were four fewer business days in November, experts say.
If the days would add up one to one, the average daily freight volume during the month would be 10 percent higher in November than October.
And when compared year-over-year, there was an eight percent increase in the amount of freight available.
The availability of loads increased slightly by 0.9 percent for vans, but declined 5.0 percent for refrigerated reefers and 21 percent for flatbeds, compared to October. Year-over-year, there was 11 percent less van freight volume, 6.2 percent more reefer loads and 4.3 percent flatbed freight.
What really grew were the spot market rates, which rose five percent for vans, 1.9 percent for reefers, but declined by 2.5 percent for flatbeds when compared to October.
When compared to November 2012, spot market rates rose six percent for vans, 1.9 for reefers, but declined 5.4 percent for flatbeds. (Flatbeds saw a record high in rates last year).
Rates are for line haul only and exclude fuel surcharges, which were down both month-over-month and year-over-year.
DAT is a unit of TransCore, providing information on freight.