TransCore's Canadian Freight Volumes Deliver First Increase in Four Months
On the heels of declining load volumes for four consecutive months, TransCore Link Logistics load volumes for Canadian and cross-border loads picked up in January 2016. Month-over-month volumes were 12 percent above last December. In spite of this, compared to the same month last year, load volumes were down 28 percent from January 2015.
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Trend: The freight index has shown alternate highs and lows for the month of January for the past three years. Compared to December of the prior year, January 2016 was above December 2015; January 2015 was below December 2014, a year of record-breaking highs, and January 2014 was above December 2013.
Cross border loads leaving Canada were lower by 18 percent, and loads coming into Canada decreased 33 percent year-over-year. These volumes averaged 72 percent of the total data submitted by Loadlink's Canadian-based customers.
Intra-Canada load volumes represented 23 percent of the total volumes and were lower by 25 percent year-over-year.
Posted equipment was below those posted in December 2015, tightening the capacity by five percent month-over-month; however, these postings were above January 2015 by 28 percent year-over-year. The equipment-to-load ratio narrowed to 3.18 from 3.73 in December 2015. Year-over-year, this ratio increased from 1.79 in January 2015, representing a 78 percent change.
TransCore's Canadian Freight Index accurately measures the movement of freight and equipment from roughly 5,500 of Canada's trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink's 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.
TransCore Link Logistics
Karen Campbell-Jones, 905-795-0580