North American Freight Index Records Highest December Freight Volumes Since 2005
TransCore announced that its North American Freight Index http://www.transcorefreightsolutions.com/ in December climbed 11 percent compared to December 2010 on the spot market, marking the second highest freight volume for December since 2005. December’s Index was the fourth consecutive month where same-month volume was the highest since the record-setting levels of 2005.
Truckload freight rates likewise increased year-over-year on the spot market in December for all equipment types. Month-over-month, national average rates declined for dry van and refrigerated (“reefer”) vans following a typical seasonal pattern, while flatbed rates remained unusually robust. For dry vans, the predominant equipment type, rates rose 5.5 percent compared to December 2010. Reefer rates rose 4.1 percent year-over-year and also slipped. The national average rates for flatbeds increased 5.7 percent compared to December 2010.
These rates are derived from TransCore’s Truckload Rate Index, and do not include fuel surcharges.