TransCore’s Canadian Freight Index Subdued in August
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics reported little change in its Canadian Freight Index for August 2013. The month-over-month and year-over-year load volumes for August were down marginally by two percent. Load volumes in August were also at the same levels as April of this year.
Cross-border postings accounted for 68 percent of total volumes for August.
Loads originating in the United States destined for provinces within Canada decreased by 11 percent year-over-year. Cross-border loads originating in Canada destined to the United States increased by six percent compared to the same period last year.
The top five states of origin for loads destined to Canada were: Ohio, Pennsylvania, Illinois, Indiana and Michigan. The top five states of destination for loads originating in Canada were: New York, California, Pennsylvania, Texas and Florida.
Intra-Canada load volumes decreased by one percent year-over-year and represented 26 percent of the total volumes for August.
Equipment postings calmed in August after hitting a ten-year high last month. Month-over-month equipment postings were down by three percent, and were seven percent above posting levels for the same period last year. August’s equipment-to-load ratio decreased to 2.57 from 2.62 in July.
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.