TransCore’s Canadian Freight Index up 53 Percent in July
TORONTO–(BUSINESS WIRE)–TransCore’s Canadian Freight Index showed a 53 percent increase year-over-year. After registering continuous increases from January to June this year, with June being the highest recorded freight volume since June 2008, July freight volume dipped slightly by 19 percent compared to the previous month. This fluctuation is consistent with the five-year historical trend representing seasonality, vacation and construction activity.
Combined cross-border loads were up 69 percent year-over-year while equipment availability continued to decrease by 18 percent from July 2009.
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 12 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.
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About TransCore’s Commercial Technology Group
TransCore’s Commercial Technology Group is a leading provider of transportation solutions in the United States and Canada serving brokers, carriers, and owner-operators with best-in-class products. TransCore established the largest freight matching network in North America by merging both U.S.-based DAT Services and Canadian-based Link Logistics online services. 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.