TransCore's Canadian Freight Volumes Strengthened to its Highest Levels Year-to-Date in May
TransCore Link Logistics volumes for Canadian and cross-border loads bolted in May to the highest load levels year-to-date. Compared to last month, volumes spiked 22 percent. In addition, May's volumes delivered the highest month-over-month increase in over two years. Year-over-year volumes were essentially flat, lower by only two percent compared to May 2015.
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TransCore Canadian Spot Market Freight Index (Graphic: Business Wire)
Year-over-year showed an improved market for distribution of loads within Canada and cross border for the month of May. In the past four months, year-over-year volumes within Canada and cross border picked up modestly with load levels levelling in May.
Intra-Canada load volumes represented 25 percent of the total volumes and dipped marginally by one percent compared to volumes in May 2015.
Cross-border loads averaged 71 percent of the total data submitted by Loadlink's Canadian-based customers. Loads leaving Canada were lower by four percent, and loads coming into Canada showed no change year-over-year.
Posted equipment was flat month-over-month; however, these postings represent a 14 percent increase year-over-year. For the first time in 10 months, the equipment-to-load ratio decreased to under three trucks for every load available, dropping to 2.84 from 3.47 in April. Year-over-year, this ratio increased from 2.53 in April 2015, representing a 19 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