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November Spot Freight 65% Over Last Year, TransCore Says
Spot market freight availability increased by 65% in November compared to last year according to the TransCore Freight Index, a measure of truckload freight volume found on load boards.
Load-to-truck ratios on the spot market have been trending upward since February and November’s ratio of 2.5 loads posted per available truck was 120% higher than the load-to-truck ratio for November 2008, because of higher freight volume this year and excess capacity in last year’s fourth quarter.
November’s results also continue a four-month trend of better-than-seasonal improvement, TransCore said. Although November 2009 freight volume was down 4.4% from October, year-ago freight availability in the spot market declined 37% over the same two-month period.
The index measures freight volume on load boards supported by TransCore’s DAT Network, including 3sixty Freight Match and TruckersEdge.net.