TransCore’s Canadian Spot Market Truck Capacity Climbs to Nearly Four Times Available Loads in July
TORONTO–(BUSINESS WIRE)–Following last month’s swell in truck capacity, TransCore Link Logistics Canadian Spot Market Truck Index saw another spike in July.
The equipment capacity climbed sharply in July. Trucks posted were up 10 percent month-over-month and jumped 33 percent year-over-year. The equipment-to-load ratio nearly doubled the ratio year-over-year to 3.71 from 1.89 in July 2014, representing a 96 percent change. Month-over-month, the ratio increased from 2.53, representing a 47 percent change.
The equipment to loads ratio is the highest reported since 2009.
While load volumes in July fell to the lowest levels all year, load volumes do traditionally decline over the summer months. July also had two fewer shipping days for separate holidays observed in Canada and in the United States. Volumes decreased 25 percent month-over-month, and 32 percent year-over-year.
Cross-border loads leaving Canada declined 20 percent, and loads coming into Canada dropped 42 percent year-over-year. These volumes averaged 66 percent of the total data submitted by Loadlink’s Canadian-based customers, and were five percent lower than last month’s.
Loads moved within Canada increased six percent in July from the previous month. Intra-Canada load volumes represented 29 percent of the total volumes and were down 21 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 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 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, 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.