TransCore’s Canadian Freight Index Rebounds in May
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics’ Canadian Freight Index volume rebounds by 10 percent in May from the previous month following weak results in April. May load volumes were 16 percent below results a year ago.
May’s load volumes for cross-border postings averaged 71 percent of total volumes. Cross-border loads destined for provinces within Canada were down 16 percent year-over-year compared to May 2012. Interestingly, cross-border loads originating in Canada destined to the United States revealed no change compared to the same period last year. Intra-Canada load volumes that represented 24 percent of the total volumes for May were down ten percent year-over-year.
The equipment postings for May were virtually unchanged from April. Month-over-month levels increased slightly by two percent, and postings came in at three percent above last year’s level for the same period. The equipment-to-load ratio increased for May to 2.18 from 2.35 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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 Link Logistics
TransCore’s freight solutions serve brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. The company’s load boards or freight matching networks include Loadlink in Canada and 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.