TransCore's North American Freight Index Dips in April Due to Extreme Weather

TransCore’s North American Freight Index showed a 14 percent decline in spot market truckload freight volume for the month of April compared to March, but a 12 percent increase compared to April 2010.

Freight volumes in the South and Midwest were negatively impacted by the extreme weather conditions, including an outbreak of tornadoes, the regions experienced during April. The month-to-month decline was the first instance in 15 years where spot market freight volume dropped from March to April.

Compared to March, April brought moderation of truckload capacity constraints on the spot market, led by a 6.7 percent increase in capacity and a 9.5 percent decline in freight availability for dry vans. Refrigerated capacity increased 3.4 percent while freight availability slipped 5.1 percent. However, both flatbed capacity and freight volumes dipped, 2.6 percent, and 9.7 percent, respectively.

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