TransCore’s Canadian Freight Index Static in August 2015
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index was unchanged for August, while truck capacity retreated modestly after July’s rare spike. Year-over-year volumes decreased 26 percent over August 2014.
Cross-border loads leaving Canada decreased 10 percent, and loads coming into Canada shrunk 36 percent year-over-year. These volumes averaged 67 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 28 percent of the total volumes and were down 22 percent year-over-year. Loads moved within Canada were four percent lower than last month.
The equipment capacity declined for August by seven percent month-over-month and increased 32 percent year-over-year. The equipment-to-load ratio dipped to 3.47 from 3.71 in July. Year-over-year, this ratio increased from 1.89 in August 2014, representing a 78 percent change.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
Real-time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from TransCore’s Posting Index.
About TransCore Link Logistics
Looking for a better way to match available freight loads with trucks, TransCore Link Logistics in 1990 developed Loadlink, a load board connecting brokers, carriers, owner operators and private fleets in Canada to a real-time database of 15 million loads, shipments and trucks – the largest in the industry. The monthly Canadian Freight Index now defines the freight movement spot market. The company also provides its customers with dispatch solutions, ACE/ACI eManifest, Posting Index, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics is a unit of Roper Technologies, a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and academic research markets worldwide. Additional information about Roper is available on the company’s website at www.ropertech.com.