TransCore’s Canadian Freight Index Sees Mixed Results in September
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index showed a nine percent year-over-year increase for September while month-over-month load volumes decreased by five percent.
Third quarter saw a decrease of five percent from second quarter; however, volumes increased by one percent when compared to the first quarter and by two percent compared to the third quarter last year. The high point for load volumes this quarter was seen in July and the highest point year-to-date was seen in May.
Although equipment postings in September decreased by five percent from the previous, the year-over-year postings jumped by 15 percent compared to September 2012.
Top equipment volumes in September were: dry vans at 52 percent, reefers at 23 percent and flatbeds at 19 percent. The equipment-to-load ration decreased in September to 2.56 from 2.57 in the previous month.
Intra-Canada volume, which was at the highest levels year-to-date, contributed 28 percent of the total volumes for September and were two percent above August levels. Cross-border loads destined for provinces within Canada accounted for 67 percent of overall volume.
Top regions for loads into Canada by region of destination were:
Ontario 55 percent
Western 26 percent
Quebec 17 percent
Atlantic 2 percent
Top regions for loads within Canada by region of origin were:
Western 44 percent
Ontario 32 percent
Quebec 17 percent
Atlantic 7 percent
Top regions for loads within Canada by region of destination were:
Western 34 percent
Ontario 37 percent
Quebec 26 percent
Atlantic 3 percent
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 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 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.
TransCore is a unit of Roper Industries, a diversified growth company and constituent of the Standard and Poor’s S&P 500, Fortune 1000, and the Russell 1000 indices.