TransCore’s Canadian Freight Volumes Quiet in August
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index quietly exited August with a second month of declining freight activity. Although, year-over-year load volumes were up 15 percent compared to August 2013, month-over-month load volumes decreased nine percent from July to August.
Cross-border load volumes for August averaged 68 percent of the total.
Loads into Canada improved five percent year-over-year.
Loads leaving Canada to the United States increased 35 percent year-over-year.
Intra-Canada load volumes represented 26 percent of the total volumes for July and rose 19 percent year-over-year.
Equipment postings remained low as it entered the eighth month of 2014. Truck postings decreased six percent from last month’s levels, and volumes dropped 13 percent year-over-year. The equipment-to-load ratio increased to 1.95 from 1.89 in July. Compared to August of the previous year, truck postings decreased from 2.57, which demonstrates a 32 percent improvement year-over-year.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers and includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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 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.