TransCore’s Canadian Freight Index Dips Slightly in April
TORONTO–(BUSINESS WIRE)–TransCore’s spot market Canadian freight index saw a three percent decline in April, down from a high mark set in March 2012, but remains well above recessionary levels. Year-over-year volumes were down 11 percent from the record highs in 2011.
Cross-border postings continued to dominate in April accounting for 73 percent of activity by Loadlink®’s Canadian customers. Intra-Canada postings made up 23 percent of the total load volumes.
Top regions for import loads into Canada were:
Ontario 55 percent
Western 22 percent
Quebec 20 percent
Atlantic 3 percent
Top regions for import equipment into Canada were:
Ontario 50 percent
Western 24 percent
Quebec 22 percent
Atlantic 4 percent
Top regions for loads within Canada were:
Western 48 percent
Ontario 25 percent
Quebec 20 percent
Atlantic 7 percent
Total equipment postings in March decreased 3 percent from the previous month, while year-over-year capacity was up 19 percent from March 2011. Capacity has tightened compared to earlier in the year; however equipment availability remains more abundant than the tight capacity crunch and record low from April 2011.
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 Freight Solutions
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.