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Thursday, May 30, 2024

TransCore Reports Truck Load Freight and Truck Capacity up for Second Consecutive Week on Spot Market

PORTLAND, Ore.–(BUSINESS WIRE)–Both truck loads and truck capacity trended up nationally on TransCore’s DAT Network of load boards for the week ending January 22. This is the second consecutive week when spot market freight and capacity increased in tandem, an unseasonable occurrence.

TransCore Trendlines, the company’s weekly newsletter covering key spot market indicators, showed that truck loads increased by 5 percent and truck postings grew 4 percent, week over week. The weekly load-to-truck ratio, a key indicator, remained stable at 4.9 truckloads per available truck nationwide.

Within the national averages, there are significant regional trends. Outbound freight availability was more robust in Pennsylvania and Ohio, as well as Alabama, Tennessee, Georgia and South Carolina. Potato producers such as Idaho and Maine also had high outbound ratios of better than 4:1, indicating an abundance of truckload freight compared to equipment capacity. But in California and other Western states, the week’s demand for truckload services was well below one outbound load per truck, which is unusually low for the season.

TransCore Trendlines is a free, weekly newsletter with load-to-truck ratios, spot market and contract market rates, and other key indicators from TransCore’s U.S. Freight Index, the standard spot freight market barometer. It is based on more than 60 million loads and trucks listed annually on the DAT Network of load boards by freight brokers, 3PLs, shippers and carriers across the U.S. TransCore Trendlines also includes industry data from the American Trucking Association and the U.S. Department of Energy.