TransCore Link Logistics’ Canadian Load Volumes Remain Even in May as Record-Setting Year Continues
TORONTO –TransCore Link Logistics’ Canadian and cross-border loads were relatively flat, up one percent compared to April. However, load volumes continued to break records as May volumes were up 23 percent year-over-year, the highest May ever recorded.
Intra-Canada loads accounted for 29 percent of the total volumes and amounted to a 35 percent increase year-over-year.
Cross-border load postings represented 68 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States increased 39 percent year-over-year, and
- Loads entering Canada increased 12 percent year-over-year.
Equipment postings continued its upward trend since February 2018, rising 17 percent compared to April 2018, but down seven percent compared to May of 2017.
For a third consecutive month, May had a significant growth in equipment volumes, reaching levels last seen in August 2017.
May's increase in equipment postings loosened the truckload capacity ratio. A month-over-month rise in truck volume of 17 percent matched with a small rise in load volumes drove the truck-to-load ratio up to 1.52 trucks for every one available load posted on Loadlink. Compared to the previous month, the rate was 1.32, and year-over-year, the ratio tightened from 2.02 in April 2017.
About TransCore Indexes
Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool 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 5,600 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 developed Loadlink in 1990. Loadlink is 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 board, mileage software, and more.