Canadian freight index for spot market stays flat in November from October, resisting usual decrease for November; load volumes rise 17% year-over-year: TransCore
December 20, 2011
– TransCore’s Canadian Freight Index that tracks the spot market, remained steady in November with no change from October 2011 levels. However, year-over-year load volumes increased a healthy 17 percent. Historically, November experiences a decrease in spot freight but November 2011 was the second best November on record, with levels just behind those reached in November 2005. TransCore began recording data in 2001 when TransCore acquired Link Logistics.
Equipment postings in November were up 5 percent from October, however the lowest levels for any November since 2005. Capacity was 8 percent below recorded levels for November 2010.
There was no change in the equipment-to-loads from volumes reached in October.
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.
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