TransCore’s Canadian Freight Volumes Fall in April
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index saw a downturn in volumes for April, declining 13 percent from March. Year-over-year volumes also experienced a significant drop, decreasing 23 percent over April 2014.
Cross-border load volumes averaged 72 percent of the total of the data submitted by Loadlink’s Canadian-based customers. Outbound load volumes fell 28 percent, and inbound loads were down 18 percent year-over-year.
Intra-Canada load volumes represented 23 percent of the total volumes and were down 27 percent year-over-year.
Equipment capacity loosened for April increasing to over two available trucks for every load for the first time this year. The equipment-to-load ratio jumped to 2.50 from 1.95 in March and from 1.46 compared to April 2014. Postings for truck availability increased 12 percent month-over-month and 31 percent 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 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, 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.