TransCore’s Canadian Freight Volumes Rallied in November for Loadlink Customers
TORONTO – TransCore Link Logistics volumes for Canadian and cross-border loads rose above October’s volumes increasing six percent month-over-month. Year-over-year volumes climbed impressively, jumping 24 percent compared to November 2015. This is a positive sign for November’s freight activity, as this is the first occurrence of a year-over-year increase in over five years—since 2011.
Intra-Canada load volumes represented 27 percent of the total volumes and climbed 28 percent compared to November 2015.
Cross-border loads averaged 67 percent of the total data submitted by Loadlink’s Canadian-based customers, and were higher compared to last year. Loads leaving Canadawere up 14 percent, and loads coming into Canada jumped 25 percent year-over-year.
Equipment capacity in November increased marginally at two percent month-over-month, and by three percent year-over-year. The equipment-to-load ratio improved to 3.18 trucks for every one load in November from 3.32 in October. Year-over-year, this ratio also improved 17 percent from 3.84 in November 2015.
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.
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.
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.