TransCore’s Canadian Freight Volumes Outperform, Following Traditional Slower Summer Season
TORONTO – TransCore Link Logistics’ Canadian load volumes saw a double-digit increase for the month of August, increasing 12 percent month-over-month and 55 percent year-over-year. August volumes were the highest ever recorded for any August, surpassing the record set in 2011 by 26 percent.
Intra-Canada Loads accounted for 29 percent of the total volumes and amounted to a 45 percent increase year-over-year—the same increase recorded in July 2017.
Cross-border load postings represented 68 percent of the data submitted by Loadlink users, with noticeable increases.
Loads leaving Canada to the United States increased by 42 percent year-over-year, and
Loads entering Canada increased significantly by 80 percent year-over-year.
Equipment postings in August were up nine percent month-over-month, but down 17 percent year-over-year. The demand has held steadfast in 2017 with approximately two trucks for every one available load. Strong load volumes have been attributed as the primary contributing factor for this constant.
The truck-to-load ratio in August was 1.92, down from 1.98 in July. When compared to the same month last year, August’s ratios showed a 46 percent improvement from a 3.58 truck-to-load ratio.
About TransCore Indexes
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.
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.
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.