TransCore’s Canadian Freight Index Climbs Back Eight Percent in October
TORONTO–(BUSINESS WIRE)–After the dip in September, TransCore’s Link Logistics Canadian Freight Index saw an eight percent increase in month-over-month volumes for October. Year-over-year was down 14 percent from the particularly high levels of October 2011.
Cross-border postings accounted for 69 percent of overall load postings while intra-Canada postings made up 27 percent of the total volume.
Equipment postings increased 21 percent month-over-month and 30 percent year-over-year. Available capacity is comparable to the October 2007 level. While a decrease was detected in loads postings, an increase was seen in equipment postings. The equipment to loads ratio for October widened to levels seen in 2007.
The top states of origin for loads destined to Canada were Ohio, Pennsylvania, Illinois, California and Michigan. Illinois and California traded spots from last month. Michigan surpassed Indiana to claim the number five spot. The top destinations for freight originating in Canada were New York, Pennsylvania, Texas and California, with Florida reclaiming the number five spot from last month.
Top destinations for loads imported into Canada were:
Ontario 55.5 percent
Western 22 percent
Quebec 20 percent
Atlantic 2.5 percent
Top regions for import equipment into Canada were:
Ontario 52 percent
Western 23 percent
Quebec 21 percent
Atlantic 4 percent
Regions of origins of loads within Canada were:
Western 46 percent
Ontario 30 percent
Quebec 18 percent
Atlantic 6 percent
About Canada’s Largest Freight Matching System
TransCore’s Loadlinkfreight 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 serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards or freight matching include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States. 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.