PORTLAND, Ore. — TransCore’s North American Freight Index marked a record high for the month of January, up 5% compared to January 2011. Month-over-month, January’s spot market freight volume slipped 8% compared to December. The month-over-month seasonal decline is consistent with historic trends, but less than the prior 10-year average decline of 14%, according to TransCore officials.
TransCore’s monthly North American Freight Index reflects spot market freight availability on the company’s network of load boards in the US and Canada.
Truckload freight rates increased 7.3% on the spot market for dry vans and 4.5% for flatbeds, compared to January 2011, while declining 0.7% for refrigerated vans. The year-over-year rate increase in January continues the trend seen throughout 2011, when spot market rates rose 7.4% overall compared to 2010, according to TransCore.
Rates followed seasonal patterns for January, which is typically a slow month for trucking freight volume and rates, according to officials. For dry vans, rates slipped 1.5% compared to December. Flatbed rates declined 2.4% and reefer rates slipped 6.5% month-over-month. These rates are derived from TransCore’s Truckload Rate Index and do not include fuel surcharges.