Spot market loads and trucks rebound to pre-Christmas level

HARRISBURG, Pa – Transcore says spot market load posting activity during the week of January 9-15 increased by 31% over the previous week and truck capacity rose by 26%.

Transcore Freight Solution’s Trendlines analysis, drawn from its U.S. Freight Index, describing the change in spot market loads as an unseasonably high jump for mid-January.

According to the company, December’s month-end demand showed a 6.8% increase in spot market freight over November’s. While loads increased month-over-month in 2009 and 2008, load volume for all equipment types declined in the same two months of the preceding four years.

Capacity in December also eased by 4% month-over-month. Compared to December 2009, freight availability was 68% higher and capacity 6.2% lower than December 2010, for a 79% increase in the load-to-truck ratio, year over year.

Spot market rates, which had increased in November for all three equipment types, began to decline in December. The downward trend was led by reefer rates, which slid by $0.05 (3.3%) from the November average. Flatbed rates slipped by $0.01 (0.8%) and van rates were stable, compared to November.

The Transcore site notes that national average rates tend to mask strong regional trends.

The Trendlines analysis looks at key industry indicators drawn from TransCore’s U.S. Freight Index, the standard spot freight market barometer based on more than 60 million loads and trucks listed by intermediaries and carriers across the U.S. each year on services feeding TransCore’s DAT Network.

Trendlines also includes industry data from the American Trucking Associations and the U.S. Department of Energy. This site is updated every week. We invite you to subscribe to email alerts for future Trendlines updates, or contact us to offer your comments and suggestions.

 
 


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