TransCore’s Canadian Freight Volumes for Loadlink Pick up in August
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics volumes saw a double-digit increase for the month of August after a traditional mid-year decline in volumes in July. When compared, month-over-month and year-over-year load volumes picked up by 12 percent.
Intra-Canada load volumes represented 31 percent of the total volumes and jumped 23 percent compared to August 2015. Cross-border loads averaged 65 percent of the total data submitted by Loadlink’s Canadian-based customers, and improved compared to last year. Loads leaving Canada were higher by 16 percent, and loads coming into Canada were up by four percent year-over-year.
Equipment capacity increased 10 percent month-over-month and was up 13 percent year-over-year. The equipment-to-load ratio decreased to 3.58 trucks for every load available, down from 3.62 in July. Year-over-year, this ratio increased three percent from 3.47 in August 2015.
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.
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.
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.