TransCore’s Canadian Freight Volumes Closed Q2 2017 on Historic High
Following a late spring rally, load volumes perform notably well in June
TORONTO – TransCore Link Logistics Canadian load volumes continued its impressive performance, achieving significant increases to close the first half of 2017. TransCore’s Canadian Freight Index, a measure of total truckload freight spot market volumes, rose nine percent in June compared to May 2017.
Compared to last year, volumes in June rose 45 percent year-over-year, easily surpassing all previously recorded load volumes recorded for the month. Also noteworthy, when compared to any month in any given year, June 2017’s volumes were the second highest ever recorded in history. The highest record was set in March 2014.
To date, load activity accounted for significant ebbs and flows for the first half of 2017. After an April decline, volumes underwent a late spring rally turning higher in May and then again in June, topping at an all-time high to end the first half of 2017.
The second quarter of 2017 improved seven percent compared to the previous quarter, and improved by 38 percent year-over-year, compared to the second quarter of 2016.
Intra-Canada Loads accounted for 25 percent of the total volumes and jumped by 36 percent year-over-year.
Cross-border loads postings represented 72 percent of the data submitted by Loadlink users and showed significant increases.
Loads leaving Canada to the United States increased by 32 percent, and
Loads entering Canada spiked upward by 56 percent year-over-year.
June 2017’s truck-to-load ratio decreased even further, reaching 1.75 trucks for every load, the lowest ratio since January 2015 and a 42 percent improvement year-over-year. Meanwhile, equipment postings decreased six percent month-over-month and 16 percent year-over-year.
About TransCore Indexes
Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool, and 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.
TransCore’s Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 5,500 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
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, Rate 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.