TransCore’s Canadian Freight Volumes Recede in November
TORONTO–(BUSINESS WIRE)–TransCore Link Logistics Canadian Freight Index fell in November, declining 11 percent from October. This drop was offset by two fewer shipping days and the U.S. Thanksgiving holiday. Year-over-year volumes were still impressive, growing 19 percent compared to November 2013.
Cross-border load volumes for November averaged 70 percent of the total.
Loads leaving Canada to the United States jumped 52 percent year-over-year.
Loads into Canada grew 12 percent year-over-year.
Intra-Canada load volumes represented 25 percent of the total volumes for November and increased 8 percent year-over-year.
Of the total volumes within Canada for the month of November, western Canada saw the most significant regional shifts in load volumes:
Loads into western Canada increased to 41 percent, up from 37 and 33 percent the previous two months.
Loads into Quebec decreased to 21 percent, down from 26 percent in October.
Loads into Ontario and into Atlantic remained consistent compared to October.
Equipment postings decreased 12 percent compared to October. Annual postings fell 8 percent from November 2013. The equipment-to-load ratio decreased to 2.01 from 2.03 in October and from 2.62 in November 2013.
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 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 shippers in Canada to a real-time database of 13 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, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics 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. More information on TransCore Link Logistics can be found at www.transcore.ca, @loadlink on Twitter, on YouTube and on LinkedIn.