TransCore’s North American Freight Index reported a 69% increase in spot market freight availability in October, compared with the previous year. This marks the third consecutive month when spot freight achieved the highest year-over-year levels since 2005, which was a peak year for spot market volume. On a month-over-month basis, October load volume was stable, with a 0.9% increase versus September.
Brokers, 3PLs, carriers, and owner-operators in North America will list more than 60 million loads and trucks this year across a variety of services feeding TransCore’s DAT Network. As a result of this high volume, TransCore’s North American Freight Index is representative of the ups and downs in spot market freight availability throughout the United States and Canada.