TransCore’s Canadian Freight Index Sees Uptick in August
TORONTO–(BUSINESS WIRE)–TransCore’s Canadian Freight Index that reflects spot market freight shipments both within Canada and cross border remained steady with an increase of one percent from July. Year-over-year load volumes however were down 13 percent from August 2011.
Cross-border volume accounted for 71 percent of overall loads while intra-Canada freight made up 25 percent of the total load volumes.
Equipment availability increased three percent month-over-month and 13 percent year-over-year. Available capacity has continued to increase from the beginning of the year with August volumes sitting at the highest levels year-to-date. August equipment volumes were down only three percent from the peak posting levels of August 2007.
While an increase was seen in both equipment and load postings, the equipment to loads ratio for August widened to the largest variance in 2012, depicting a larger increase in available capacity.
Top destinations for loads imported into Canada were:
Ontario 54 percent
Western 25 percent
Quebec 20 percent
Atlantic 1 percent
Top regions for import equipment into Canada were:
Ontario 52 percent
Western 24 percent
Quebec 21 percent
Atlantic 3 percent
Regions of origins of loads within Canada were:
Western 43 percent
Ontario 27 percent
Quebec 22 percent
Atlantic 8 percent
The top states of origin for loads destined to Canada in order of most loads were Ohio, Pennsylvania, Illinois, California and Indiana. Texas dropped off from the top 5 to 9th place for the first time in months.
The top destinations for freight originating in Canada were New York, Texas, Pennsylvania, California & Florida.
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’s Link Logistics 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 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.