TORONTO – TransCore Link Logistics’ Canadian load capacity saw an uptick in October following September’s slow push in recovering load volumes at month’s end. At the same time, truck capacity reached an all-time high, which drove the truck-to-load ratio to its highest level in two years.
October load volumes were up two percent from September. Year-over-year, October’s load volumes were down 23 percent but have since leveled, following 2017’s extremely strong end-of-year performance when load volumes were climbing to record levels.
Intra-Canada loads accounted for 34 percent of the total volumes and were up three percent year-over-year.
Cross-border load postings represented 64 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States decreased 33 percent year-over-year, and
- Loads entering Canada decreased 28 percent year-over-year.
Equipment Performance
October recorded the highest volume of equipment postings in Loadlink’s history. October’s equipment postings increased 22 percent when compared to September 2018 and 36 percent when compared to October 2017.
Truck-to-Load Ratio
The average truck-to-load ratio was 3.22 in October, a 20 percent increase from 2.68 in September. Year-over-year, the average ratio increased 77 percent from 1.82 in October 2017.
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 6,300 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 18 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, an online transportation job board, mileage software and more.
More information on TransCore Link Logistics can be found at www.transcore.ca, @loadlink on Twitter, on YouTube, on Facebook and on LinkedIn.