TransCore’s Canadian Freight Index Surges in March
TORONTO–(BUSINESS WIRE)–TransCore’s Link Logistics Canadian Freight Index rebounds from low levels in February with a 24 percent increase in month-over-month volume. Year-over-year volume remained behind March 2012 levels by 11 percent.
First quarter of 2013 volume surpassed the previous quarter by ten percent, and was well above the recessionary levels seen for the first quarter of 2009 by 73 percent. Volume was six percent lower compared to the first quarter of 2012.
Overall load volumes for cross-border postings and intra-Canada postings averaged at 69 and 27 percent respectively of the data submitted by Loadlink’s Canadian-based customers. Cross-border loads destined for provinces within Canada were down 20 percent year-over-year compared to March 2012. However, cross-border loads from Canada to the United States revealed a seven percent increase year-over year.
The month-over-month and year-over-year equipment postings equally displayed a two percent increase for the month of March. Although load volumes showed double digit quarter-over-quarter improvement, equipment postings dropped by four percent compared to the previous quarter. The equipment to load ratio for March improved substantially to 2.08 from 2.52 of the previous month.
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 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.