TransCore’s Canadian Freight Index Maintains Record Performance
TORONTO–(BUSINESS WIRE)–TransCore’s Canadian Freight Index showed a 30 percent increase in year-over-year analysis while month-over-month growth slowed with a 6 point dip from August. Similar to North American data, spot freight volume in Canada for September 2010 is the highest recorded volume when compared to the same time in the last five years.
Spot freight has surpassed the 200-point threshold for the previous seven months, and the last two months have set new high water marks when compared to the same month’s five-year history.
Load volume from the third quarter increased 44 percent over the third quarter of 2009, however consistent with other industry results, spot freight availability softened 15 percent from its peak in the second quarter. Total equipment availability for September 2010 dropped 12 percent from September 2009 while capacity realized a small gain of 3 percent over the second quarter of 2010, resulting in overall improvements in load-to-truck ratio.
About Canada’s Largest Freight Matching Database
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 12 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.