TransCore’s Canadian Freight Index Skirts Traditional Seasonal Slump in July
TORONTO–(BUSINESS WIRE)–TransCoreLink Logistics’ Canadian Freight Index saw no change in July from June and compared to the same period last year, side-stepping the traditional summer slowdown typical for July. Load volumes in July were also at the mid-point of the last seven months. July also had two additional shipping days compared to June.
July load volumes for cross-border postings averaged 70 percent of total volumes. Cross-border loads destined for provinces within Canada were down nine percent compared to July 2012. Conversely, cross-border loads originating in Canada destined to the United States saw an increase of 17 percent compared to the same period last year. Intra-Canada load volumes increased three percent year-over-year and represented 24 percent of the total volumes for July.
Equipment postings for July were at the highest level in the last 10 years. Month-over-month levels spiked by 10 percent and were 14 percent above posting levels for the same period last year. July’s equipment-to-load ratio increased to 2.62 from 2.37 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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.