TORONTO – TransCore Link Logistics’ Canadian load capacity predictably continued to see lower load volumes as summer comes to a close, a trend that first started in the second quarter of 2018. This seasonal effect on load volumes continued to loosen the truck-to-load ratio amidst strong equipment performance on Loadlink.
August load volumes were down five percent from July. Year-over-year, August’s load volumes were down 13 percent. Despite this trend, load volumes for August surpassed any other year’s performance on record, with the exception of 2017.
Intra-Canada loads accounted for 33 percent of the total volumes and were flat year-over-year.
Cross-border load postings represented 67 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States decreased nine percent year-over-year, and
- Loads entering Canada increased 23 percent year-over-year.
Equipment Performance
The end of the slow summer season saw a slight increase in equipment volumes. August’s equipment postings increased nine percent when compared to July 2018 and 15 percent when compared to August 2017.
Truck-to-Load Ratio
The average truck-to-load ratio was 2.55 in August, a 15 percent increase from 2.22 in July. Year-over-year, the average ratio increased 33 percent from 1.92 in August 2017.
About TransCore Indexes
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.
TransCore’s Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 6,100 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
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, an online transportation job board, mileage software and more.
More information on TransCore Link Logistics can be found at www.transcore.ca, @loadlink on Twitter, on YouTube, on Facebook and on LinkedIn.