TransCore's Canadian Freight Index rose 60% year-over-year in February, the highest yearly increase on record; daily average loads up 4% in February from January
March 14, 2014
– Following January’s astonishing records, TransCore Link Logistics Canadian Freight Index had another notable month. February’s total load volumes dipped slightly by five percent compared to January; however, February had fewer shipping days. As a daily average, loads for February were four percent higher than in January.
February had its highest year-over-year increase ever, an impressive 60 percent. This surpassed the previous February record set in 2010 with a 55 percent increase year-over-year after Canada’s recovery from the 2009 recessionary period.
Cross-border postings averaged 71 percent of total load volumes.
Cross-border loads originating in Canada destined to the United States jumped significantly by 83 percent year-over-year.
Cross-border loads originating in the United States destined for provinces within Canada climbed by 59 percent year-over-year.
Intra-Canada load volumes represented 24 percent of the total volumes for February and increased considerably by 40 percent compared to the same period last year.
Equipment postings decreased in February and were the lowest levels for the last 34 months. Posted trucks decreased nine percent month-over-month and dropped by 17 percent year-over-year. The equipment-to-load ratio continued its decline in February to 1.31 from 1.36 in the previous month. This number demonstrated a 93 percent improvement from last year’s drop in February. The truck–to-load ratio is the lowest on record since TransCore Link Logistics started recording data. This trend indicates continued tightening of available capacity.
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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