TransCore’s Canadian Freight Index Sees Summer Slow-down
TORONTO–(BUSINESS WIRE)–TransCore’s Canadian Freight Index for July 2011 was down twenty-two percent month-over-month but had a three percent increase year-over-year. July traditionally marks the start of the summer vacation and highway construction season and has for the past five years experienced a decrease from June levels; however, July 2011 had the biggest decline in volumes since July 2007.
Equipment postings in July dropped from the increases of the past two months. Capacity was also down ten percent from July 2010 and at the lowest recorded level for the month of July in over five years. With lower volumes in load availability, the equipment-to-loads ratio saw an increase in July, reaching levels not seen since January of this year.
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.