TORONTO - TransCore Link Logistics reported a 57 percent year-over-year growth in load volumes posted in the month of October. In fact, when compared to the previous nine months, October is well above the average annual growth rate of 43 percent.
Compared to last month, load volumes increased three percent. October also marked the fifth consecutive month of record-setting load volumes.
Intra-Canada loads accounted for 25 percent of the total volumes and amounted to a 41 percent increase year-over-year.
Cross-border load postings represented 71 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States increased 63 percent year-over-year, and
- Loads entering Canada increased 75 percent year-over-year.
October’s equipment postings rose five percent month-over-month, but were down 14 percent year-over-year. The truck-to-load ratio in October was 1.82, up from 1.80 in September. When compared to the previous year, October’s ratios showed a 45 percent improvement from a 3.32 truck-to-load ratio year-over-year.
About TransCore Indexes
Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool, and real-time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from TransCore’s Posting Index.
TransCore’s Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 5,500 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
About TransCore Link Logistics
Looking for a better way to match available freight loads with trucks, TransCore Link Logistics in 1990 developed Loadlink, a load board connecting brokers, carriers, owner operators and private fleets in Canada to a real-time database of 15 million loads, shipments and trucks – the largest in the industry. The monthly Canadian Freight Index now defines the freight movement spot market. The company also provides its customers with dispatch solutions, ACE/ACI eManifest, Posting Index, Rate Index, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics is a unit of Roper Technologies, a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and academic research markets worldwide. Additional information about Roper is available on the company's website at www.ropertech.com.