DAT North American Freight Index Reports September Freight Volume Softens on the Spot Market
PORTLAND, Ore., Oct. 11, 2012 /PRNewswire/ -- The DAT North American Freight Index reports a softer spot market in September. The seasonal decline in overall freight volume was attributed to a reduction in flatbed and reefer freight availability. Both equipment types experienced a decline month-over-month, however, while flatbed volumes were down compared to the prior year by 13 percent, reefer freight volumes were actually up 1.1 percent when compared to September 2011. Van freight volume showed modest gains, rising month-over-month as well as year-over-year. The net effect was an overall decline in spot market freight volume of 13 percent compared to August and 8.4 percent compared to September 2011.
The monthly DAT North American Freight Index reflects spot market freight availability on TransCore DAT's network of load boards in the United States and Canada.
Truckload freight rates on the spot market continued the seasonal decline that began in July, although reefer and flatbed rates were up compared to September 2011. Reefer rates dipped 1.2 percent month-over-month but increased 2.5 percent year-over-year; Flatbed rates dipped 1.1 percent for the month but rose 1.2 percent when compared to the same month last year. Rates for dry vans declined 1.5 percent compared to August and 1.5 percent compared to September 2011.
Rates are derived from the DAT Truckload Rate Index; rates do not include fuel surcharges, which rose in September on both a month-over-month and year-over-year basis. Spot market rates are paid by brokers and 3PLs to the carrier.
About TransCore DAT:
TransCore DAT serves brokers, carriers, owner-operators and shippers with best-in-class products. The DAT Network of load boards in the United States has set the industry standard for the spot freight marketplace since 1978. TransCore provides Keypoint transportation software, the most popular broker logistics software, fleet compliance, as well as DAT CarrierWatch, automated carrier safety and insurance monitoring and DAT Truckload Rate Index for spot and contract markets rates. All marks are the property of their respective owners.
SOURCE TransCore DAT
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