TransCore’s Canadian Freight Index Gains in June, Second Quarter Freight Up 14 Percent
TORONTO—(BUSINESS WIRE)–TransCore’s Canadian Spot Market Freight Index posted the third straight month of increased freight volume. Month-over-month, load volume in the spot market saw a three percent increase, continuing to climb back from the April decline following a record-breaking March.
The Canadian Freight Index also recorded the second highest freight volume of the year, consistent with the North American Freight Index. Year-over-year June recorded a seven percent increase from June 2010. Second quarter freight rose 14 percent compared to first quarter 2011 and 10 percent compared to second quarter 2010.
Equipment postings recorded the highest level for 2011, with capacity up approximately two percent from last month’s total; however, capacity continues to remain slightly below 2010 levels. Even with the higher volumes in equipment availability, the equipment-to-loads ratio recorded the lowest number or equipment-to-loads ever measured.
About Canada’s Largest Freight Matching System
TransCore’s Loadlink freight 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 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.