TransCore’s Canadian Freight Index Continues Rollercoaster Ride
TORONTO–(BUSINESS WIRE)–TransCoreLink Logistics’ Canadian Freight Index slipped by seven percent in June, continuing the up and down results for the first six months of the year, and was 21 percent lower than last year’s peak in June 2012.
Second quarter saw a slight gain of six percent over the first quarter of 2013; however, volume was down 17 percent compared to elevated second quarter results of 2012. The high point year-to-date was in May.
Equipment postings for June were again virtually flat from the previous month, similar to May’s results. However, month-over-month levels increased slightly by one percent and load postings came in at 12 percent above last year’s level for the same period.
Top equipment volumes for June were: dry vans at 51 percent, reefers at 23 percent and flatbeds at 19 percent. The equipment-to-load ratio increased for June to 2.37 from 2.18 in the previous month.
The top five states of origin for loads destined to Canada were: Ohio, Pennsylvania, California, Illinois and Texas.
The top five states of destination for loads originating in Canada were: New York, California, Pennsylvania, Texas and Michigan.
Cross-border loads destined for provinces within Canada were three percent higher than May and accounted for 74 percent of overall volume. Intra-Canada postings contributed to 21 percent of the total volume for June and were three percent below May levels.
Top regions for loads into Canada by region of destination were:
Ontario 56 percent
Western 21 percent
Quebec 21 percent
Atlantic 2 percent
Top regions for loads within Canada by region of origin were:
Western 43 percent
Ontario 30 percent
Quebec 20 percent
Atlantic 7 percent
Top regions for loads within Canada by region of destination were:
Western 35 percent
Ontario 40 percent
Quebec 22 percent
Atlantic 3 percent
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 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
Link Logistics’ freight solutions serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. The company’s load boards or freight matching networks include Loadlink in Canada and 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.