TransCore’s Canadian Freight Index Remains Steady in November
TORONTO–(BUSINESS WIRE)–TransCore’s Link Logistics Canadian Freight Index saw no change in month-over-month volumes for November. Year-over-year load volumes were down 15 percent from November 2011. In spite of the decrease, load volumes are still well above the November 2008 recessionary levels by 51 percent.
Cross-border postings were very similar to October’s, which accounted for 69 percent of overall load volumes. Intra-Canada postings contributed 26 percent of the total load volumes, a decrease of one percent from the previous month.
Equipment postings dipped slightly at five percent month-over-month however experienced a year-over-year increase of 17 percent. Available capacity corresponds with numbers shown in November 2007.
The top states of origin for loads destined to Canada were Ohio, California, Pennsylvania, Illinois, and Texas. Texas moved from last month’s eighth spot to replace Michigan in the number five spot for November.
Top destinations for loads imported into Canada were:
Ontario 56.5 percent
Western 21.2 percent
Quebec 20.1 percent
Atlantic 2.1 percent
Top regions for import equipment into Canada were:
Ontario 51.5 percent
Western 22.6 percent
Quebec 22.1 percent
Atlantic 3.9 percent
Regions of origins of loads within Canada were:
Western 49 percent
Ontario 29 percent
Quebec 16 percent
Atlantic 6 percent
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 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.