Subscribe to our free, weekly email newsletter!


TransCore reports that spot market freight availability up 69 percent year-over-year in October

By Jeff Berman, Group News Editor
November 22, 2010

As has been the case in recent months, the spot market continues to post impressive gains on an annual basis, according to data from the TransCore North American Freight Index.

For October, TransCore reported that spot market freight availability was up 69 percent year-over-year, representing the third straight month in which spot freight hit its highest year-over-year levels since 2005, which TransCore said was a peak year for spot market volume.

August and September spot market annual gains were 75 percent and 65 percent, respectively, and October’s load volume was relatively flat, with a 0.9 percent sequential gain from September.

While freight volumes are showing some modest signs of improvement, TransCore has said that will likely result in annual spot market comparisons heading down, which has been occurring for the most part. This is especially true when looking at annual comparisons from June and July, which were up 112 percent and 122 percent respectively.

And even though sport market volume was flat on a sequential basis, TransCore said that in the last six years, spot market volume has increased month-over-month three times by an average of 19 percent and declined three times by an average of 15 percent, with a six-year average increase of 1.7 percent from August to September.

A research report from Ed Wolfe, president of Wolfe Trahan, noted that “pricing pressure has moderated in recent months as demand has fallen from summer’s highs.” And Jon Langenfeld, analyst at Robert W. Baird & Co., said that his firm’s spot market demand index, excluding an October uptick in demand, reflects a modest upward trend since bottoming in August. Langenfeld also noted that other spot demand resource have begun to reflect a modest uptick in demand starting in early November.

A freight transportation expert told LM that while 2010 levels look good on an annual basis compared to a tough 2009, the sequential trending down in spot market freight availability—and the American Trucking Associations and Cass Information Systems monthly freight indices to a certain extent—are to be expected. And while freight volumes are not rising at the level they did earlier in the year, the expert said volumes, instead, appear to be settling in.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Article Topics

News · TransCore · Spot Market · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA