TransCore’s Canadian Freight Volumes Rebound in September with Strong Third Quarter Results
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index picked up in September after two consecutive months of declining freight volumes. September saw increases across the board with month-over-month load volumes increasing five percent, and year-over-year volumes jumping 28 percent.
September volumes were the highest ever recorded for any September in any year, surpassing the previous records set in 2005 and 2011 by six percent. Also, volumes for the third quarter beat any previous third quarter results since TransCore Link Logistics started recording data. Third quarter volumes in 2014 topped those set in 2013 by 23 percent.
Cross-border load volumes for September averaged 68 percent of the total.
Loads into Canada improved 15 percent year-over-year.
Loads leaving Canada to the United States soared 57 percent year-over-year.
Intra-Canada load volumes represented 26 percent of the total volumes for September and rose 22 percent year-over-year.
Equipment postings saw a slight increase for the month of September. There was a modest increase of four percent from last month’s levels, and a four percent decrease year-over-year. The equipment-to-load ratio decreased to 1.92 from 1.95 in August. When compared to September’s posting levels of 2.56 in 2013, the equipment-to-load ratio improved 33 percent 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 Posting Index, Quickpay, credit reports, insurance and operating authorities, dispatch software, mileage software and more.
TransCore is a unit of Roper Industries, a diversified technology company and constituent of the Standard and Poor’s S&P 500, Fortune 1000 and the Russell 1000 indices.