TORONTO – TransCore Link Logistics Canadian and cross-border loads expectedly subdued in April following last month’s stellar load volumes, which traditionally peak in March. Month-over-month, load volumes were lower by 21 percent. However, year-over-year, load volumes were considerably higher, up 37 percent compared to the same month last year.
Intra-Canada Loads represented 27 percent of the total volumes and climbed 35 percent compared to the same month last year.
Cross-border load postings accounted for 70 percent of the total data submitted by Loadlink’s Canadian-based customers and was higher compared to last year:
- Loads leaving Canada increased by 10 percent, and
- Loads coming into Canada jumped 56 percent compared to April 2016.
Equipment capacity decreased 10 percent month-over-month and 21 percent year-over-year. With the decline in load volumes paired with an equivalent decline in equipment capacity, the truck-to-load ratio remained steady at two trucks for every available load. In fact, April 2017 has the second lowest truck-to-load ratio in almost two years. Year-over-year, the truck-to-load ratio improved 42 percent from 3.47 in April 2016.
About TransCore Indexes
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.
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.
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.