TransCore’s Canadian Freight Volumes Performed Well in July, Despite Slow Season
TORONTO – TransCore Link Logistics’ Canadian load volumes delivered an impressive performance this July despite entering the typically slower mid-summer season. Compared to July 2016, freight volumes climbed 54 percent, registering the most significant year-over-year increase to date in 2017. Though load volumes in July decreased by 15 percent compared to June 2017, it should be noted that last month’s volumes were the highest ever recorded for any June on record.
Intra-Canada Loads accounted for 29 percent of the total volumes and jumped by 45 percent year-over-year.
Cross-border load postings represented 68 percent of the data submitted by Loadlink users and demonstrated noticeable increases.
Loads leaving Canada to the United States increased by 36 percent year-over-year, and
Loads entering Canada significantly increased by 76 percent year-over-year.
July’s truck-to-load ratio remained constant at approximately two trucks for every load, close to the average ratio for all months to date in 2017, and showed a 45 percent improvement from 3.62 when compared to the same time last year. Equipment postings for July 2017 experienced a slight drop, decreasing by four percent month-over-month, and by 16 percent year-over-year.
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.