TransCore's Canadian Freight Sees Traditional Mid-year Decline in Volumes
TransCore Link Logistics volumes for Canadian and cross-border loads ended strong in the second quarter of 2016, and then underwent a routine mid-year summer low.
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TransCore Canadian Spot Market Freight Index (Photo: Business Wire)
TransCore's Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 5,500 of Canada's trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
Compared to last month, volumes dropped a fair amount by 20 percent month-over-month, falling to their lowest levels year-to-date. Despite this decline from June to July, year-over-year volumes were flat compared to July 2015.
Intra-Canada load volumes represented 30 percent of the total volumes and improved five percent compared to July 2015. Cross-border loads averaged 65 percent of the total data submitted by Loadlink's Canadian-based customers. Loads leaving Canada were higher by three percent, and loads coming into Canada were slightly lower by two percent year-over-year.
Equipment capacity decreased for the first time in six months, lower by four percent month-over-month and down two percent year-over-year. The equipment-to-load ratio increased to 3.62 trucks for every load available, up from 3.01 in June. Year-over-year, this ratio decreased three percent from 3.71 in July 2015.
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