January marked the highest ever recorded volumes on Loadlink
TORONTO –Record-breaking load volumes reported at last year’s close continue into January 2018, according to TransCore Link Logistics. Loadlink Canadian and cross-border load volumes surpassed all previous records, surging 81 percent year-over-year and 41 percent compared to December 2017.
Intra-Canada loads accounted for 20 percent of the total volumes and amounted to a 51 percent increase year-over-year.
Cross-border load postings represented 77 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States increased 99 percent year-over-year, and
- Loads entering Canada increased 92 percent year-over-year.
Overall, equipment postings have been steadily decreasing, down five percent compared to December 2017 and down 27 percent compared to January of 2017.
Given that there were far more loads than usual and a decrease in equipment postings, equipment demand and capacity stiffened, pushing the availability of trucks even lower. January saw the number of trucks posted versus the number of loads posted dip below a one-to-one ratio, dropping to 0.85 trucks for every one available load on Loadlink. Compared to the previous month, the rate was 1.14 in December 2017, and year-over-year, the ratio tightened from 2.10 in January 2017.
About TransCore Indexes
Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool 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 5,600 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 developed Loadlink in 1990. Loadlink is 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.