TransCore's Canadian Freight Index set record high for December load volumes, rising 11% from November, 29% year-over-year
January 23, 2014
– TransCore Link Logistics Canadian Freight Index closed last year setting a record high for December load volumes. With two fewer shipping days, December’s volumes jumped 11 percent month-over-month and represented the highest month-over-month percentage change for the second half of the year. December also had the largest year-over-year increase compared to any month in 2013 surpassing December 2012 load volumes by a remarkable 29 percent.
Last year started and ended with noteworthy load volumes. Annual volumes for 2013 hit a historic high for the month of January followed by an up-and-down trend for subsequent months before ending strong with a record-breaking high for the month of December.
Cross-border postings averaged 67 percent of total load volumes.
Cross-border loads originating in Canada destined to the United States soared by 50 percent year-over-year.
Cross-border loads originating in the United States destined for provinces within Canada climbed by 16 percent year-over-year.
The top five states of origin for loads destined to Canada ordered from highest to lowest total loads were Ohio, Illinois, Texas, California and Pennsylvania.
Intra-Canada load volumes represented 28 percent of the total volumes for December and increased significantly by 30 percent compared to the same period last year.
Equipment postings were at encouraging lower levels for November and again December. The equipment postings for December fell by 16 percent compared to the previous month and were flat compared to levels in December 2012. Positively, the equipment-to-load ratio decreased significantly in December to 1.97 from 2.62 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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 Link Logistics
TransCore’s freight solutions serve brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. 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.
TransCore is a unit of Roper Industries, a diversified growth company and constituent of the Standard and Poor’s S&P 500, Fortune 1000, and the Russell 1000 indices.
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