TransCore’s Canadian Freight Volumes in First Half of 2014 Shatters Any Six-Month Record
TORONTO–(BUSINESS WIRE)–Compared to last year’s first half, TransCore Link Logistics Canadian Freight Index saw volumes swell an impressive 42 percent year-over-year, shattering any combined semi-annual volumes since TransCore Link Logistics started recording data. June also marks the sixth consecutive month of record-setting volumes.
Month-over-month load volumes were flat from May to June. While second quarter volumes decreased four percent from the first quarter, volumes jumped 38 percent compared to second quarter results from 2013. The high point, year-to-date, was set in March.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers. 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.
Cross-border postings accounted for 72 percent of total load volumes.
Cross-border loads originating in Canada destined to the United States increased 67 percent year-over-year.
Cross-border loads originating in the United States destined for provinces within Canada increased 30 percent year-over-year.
Intra-Canada load volumes represented 23 percent of the total volumes for May and soared 56 percent year-over-year.
Equipment postings showed a slight decrease to one percent month-over-month. Compared to 2013, truck levels continue to remain low for 2014. June’s postings dropped 12 percent year-year-over year. The equipment-to-load ratio decreased to 1.47 from 1.49 the previous month – demonstrating a 61 percent improvement year-over-year.
Top equipment postings for June were dry vans at 52 percent, reefers at 23 percent and flatbeds at 18 percent.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
About Canada’s Largest Freight Matching System
TransCore’s Loadlinkfreight 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.