TransCore’s Canadian Freight Volumes Pick up Marginally
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian freight volumes rose two percent from April to May. Even with this modest monthly increase, year-over-year volumes continue their impressive rise, increasing 31 percent over May 2013.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies. 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 69 percent of total load volumes.
Cross-border loads originating in Canada destined to the United States climbed a significant 70 percent year-over-year.
Cross-border loads originating in the United States destined for provinces within Canada increased 10 percent year-over-year.
The top five states of origin for loads destined to Canada ordered from highest to lowest total loads were Ohio, Texas, California, Illinois and Pennsylvania.
Intra-Canada load volumes represented 25 percent of the total volumes for May and jumped 34 percent compared to May 2013.
Representing continued tight capacity, truck levels remain low compared to the same period last year. Although, equipment postings increased four percent month-over-month; annual postings dropped 10 percent from May 2013.
The equipment-to-load ratio showed a slight increase to 1.49 from 1.46 the previous month. However, year-over-year, May’s ratio still demonstrates a 46 percent improvement.
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.