TransCore's Canadian Freight Index recorded 19% year-over-year increase in freight movement on spot market in October; last month also saw highest same-month freight volume since October 2005
November 23, 2011
– TransCore’s Canadian Freight Index that monitors freight movement on the spot market saw a 19 percent increase year-over-year in October 2011 although the month-over-month comparison dropped five percent.
October 2011 recorded the highest same month freight volume since October 2005. While October levels were down from the previous month, volume exceeded nine of the 12 months of 2010 and was the seventh highest spot market freight volume this year.
Equipment postings in October were down slightly, 2 percent behind September volume. Capacity was 8 percent below recorded levels for October 2010.
The equipment-to-loads remained largely unchanged from September.
About Canada’s Largest Freight Matching System
TransCore’s Loadlink freight matching database constitutes the largest Canadian network of carriers, owner operators, freight brokers and intermediaries and has been available to Canadian subscribers since its inception in 1990.
Over 13 million full loads, LTL (less than truck load) shipments and trucks are posted to the Loadlink network annually. As a result of this high volume, TransCore’s Canadian Freight Index is representative of the ups and downs in spot market freight movement and provides a historical account of the domestic and cross border spot market freight movement.
The Loadlink network provides Canadian based companies with:
The largest online database of available loads and trucks
Unlimited access to the network and integrated services
About TransCore Freight Solutions
TransCore’s Freight Solutions serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States. Loadlink has the largest Canadian freight matching database of loads and trucks and offers access to other services such as Quickpay, credit reports, insurance and operating authorities, dispatch software, mileage software and more. TransCore’s trailer tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.