Truckload Volumes for Loadlink Customers Pick up in February
TransCore Link Logistics load volumes for Canadian and cross-border loads edged up one percent compared to the previous month. However, compared to the same month last year, load volumes were down 21 percent from February 2015.
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Loadlink Spot Market Freight Index (Graphic: Business Wire)
Intra-Canada load volumes represented 26 percent of the total volumes and were lower by 18 percent year-over-year.
Cross border loads averaged 69 percent of the total data submitted by Loadlink's Canadian-based customers. Loads leaving Canada were lower by 18 percent, and loads coming into Canada decreased 25 percent year-over-year. There were no obvious shifts in the regional distribution of cross-border loads coming into Canada compared to January.
Posted equipment was higher in February, increasing nine percent month-over-month; and these postings were above February 2015 totals by 30 percent year-over-year. The equipment-to-load ratio increased to 3.42 from 3.18 in January. Year-over-year, this ratio increased from 1.90 in February 2015, representing an 80 percent change.
Compared to last month, changes in the distribution of cross-border equipment entering Canada were observed in three regions: Ontario decreased five percent, western Canada increased seven percent, and Quebec decreased three percent.
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