TransCore’s Canadian Freight Volumes Decline for the Second Consecutive Month
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index fell behind in November, following its traditional drop this time of year, with volumes declining eight percent compared to October. While year-over-year volumes also dropped 28 percent, this is compared to historic highs set throughout 2014.
Cross-border loads leaving Canada decreased 12 percent, and loads coming into Canada declined 39 percent year-over-year. These volumes averaged 69 percent of the total data submitted by Loadlink’s Canadian-based customers. Intra-Canada load volumes represented 27 percent of the total volumes and fell 22 percent year-over-year.
The equipment capacity fell slightly in November, down three percent in month-over-month capacity, but was up annually by 38 percent. The equipment-to-load ratio increased to 3.84 from 3.67 in October. This represents a 91 percent increase, year-over-year, compared to November 2014 when the ratio was at 2.01.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,500 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, 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.