TransCore’s Canadian Freight Volumes Enter Typical Summer Slow Period
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index displayed its traditional summer decline in load volumes, decreasing 12 percent compared to June. However, year-over-year volumes for July jumped 25 percent, leading any load volumes for the month since TransCore Link Logistics started recording data.
Cross-border load volumes for July averaged 69 percent of the total. Cross-border loads into Canada and cross border loads leaving Canada to the United States were up 18 and 37 percent, respectively, compared to July 2013.
Intra-Canada load volumes represented 25 percent of the total volumes for July and were up 30 percent year-over-year.
Compared to the same period last year, truck levels continued to remain low for 2014. Although equipment postings increased 13 percent from last month’s volumes, volumes fell 10 percent year-over-year. The equipment-to-load ratio increased to 1.89 from 1.47 the previous month, but decreased from 2.62 the previous July. This demonstrates a 39 percent improvement year-over-year.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers and includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based 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 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:
Posting Index – Current and historical lane data
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. 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.