TransCore’s Canadian Freight Index Delivered Optimistic Increase in September
TORONTO–(BUSINESS WIRE)–To close out the third quarter, TransCore Link Logistics Canadian Freight Index picked up modestly in September after two consecutive months of unflattering load volumes. Compared to last month, load volumes increased seven percent, while year-over-year volumes withdrew 25 percent.
Third quarter saw load volumes fall off compared to the previous quarters, declining 22 percent from the second quarter and 28 percent compared to the same period last year.
Intra-Canada load volumes represented 28 percent of the total volumes and slipped 19 percent year-over-year.
Cross-border loads leaving Canada decreased eight percent, and loads coming into Canada dropped 40 percent year-over-year. These volumes averaged 67 percent of the total data submitted by Loadlink’s Canadian-based customers.
The equipment capacity increased in September by two percent month-over-month and by 29 percent year-over-year. The equipment-to-load ratio declined to 3.29 from 3.47 in August. Year-over-year, this ratio increased 72 percent from 1.92 in September 2014.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
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.
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, 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.