TransCore's Canadian Freight Index declined 12% in April from March, rose 41% year-over-year to highest level recorded for month of April since TransCore began recording data
May 15, 2014
– TransCore Link Logistics Canadian Freight Index declined after March’s spike in loads. April’s load volumes fell by 12 percent month-over-month, but year-over-year volumes continued to show growth, increasing 41 percent over April 2013. These volumes are the highest ever recorded for the month of April since TransCore Link Logistics started recording data.
Available equipment postings are showing a positive trend with increases for the second consecutive month. Equipment postings rose by 10 percent in April from the previous month. Truck levels remain low compared to 2013 with a reduction of posted trucks of 12 percent year-over-year.
Notably, the equipment-to-load ratio showed an increase for the first time in four months to 1.46 from 1.17 the previous month, and from 2.35 in April 2013.
Cross-border postings accounted for 70 percent of total load volumes. Cross-border loads originating in Canada destined to the United States jumped considerably by 72 percent year-over-year. Cross-border loads originating in the United States destined for provinces within Canada were up by 23 percent year-over-year.
Intra-Canada load volumes represented 24 percent of the total volumes for April and climbed by 31 percent compared to April 2013.
Real-time and historical data on total truck and load volumes as well as ratios in specific areas can be accessed with TransCore’s Posting Index. The tool can drill deep by geographic area, equipment type, and Truck-to-Load (TL) versus Less-than-Truck Load (LTL) shipments and trucks.
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:
Posting Index – Current and historical lane data
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.
- See more at: http://newsroom.transcore.com/press-release/transcores-canadian-freight-volumes-dip-still-shows-strength#sthash.IPIBRvxv.dpuf