TransCore's Canadian Freight Volumes Enter Typical Slow Period in April
TransCore Link Logistics volumes for Canadian and cross-border loads subdued in April after three consecutive months of improvement. This trend is typical for the month of April. Compared to last month, volumes receded 12 percent following last month's peak close for the first quarter of 2016. Year-over-year volumes were down 17 percent compared to April 2015.
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TransCore Canadian Spot Market Freight Index (Graphic: Business Wire)
Intra-Canada load volumes represented 27 percent of the total volumes and dipped slightly by two percent compared to volumes in April 2015.
Cross-border loads averaged 69 percent of the total data submitted by Loadlink's Canadian-based customers. Loads leaving Canada were lower by six percent, and loads coming into Canada decreased 27 percent year-over-year.
Posted equipment was flat month-over-month, but these postings represent a 13 percent increase year-over-year. The equipment-to-load ratio increased to 3.47 from 3.05 in March. Year-over-year, this ratio increased from 2.50 in April 2015, representing a 39 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