TransCore’s Canadian Freight Index Edges up in May
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index demonstrated a slender gain in volumes in May. Month-over-month load volumes edged up four percent from April. Despite this gain, year-over-year volumes were down for the fifth consecutive month, decreasing 22 percent over May 2014.
Cross-border loads leaving Canada fell 23 percent, and inbound loads coming into Canada fell 21 percent year-over-year. These volumes averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 25 percent of the total volumes and were down 25 percent year-over-year. A notable shift in the distribution of loads was observed entering western Canada and into Ontario. Month-over-month, western Canada saw a decrease in loads destined for the region by 15 percent; in contrast, Ontario saw an increase in loads destined for the province by 24 percent compared to April 2015.
Equipment capacity was relatively flat month-over-month, declining one percent from April 2015. In contrast, truck postings increased 25 percent year-over-year. The equipment-to-load ratio shifted down to 2.39 from 2.50 in April and from 1.49 compared to May 2014, a 61 percent improvement year-over-year.
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.