TORONTO--(BUSINESS WIRE)--TransCore’s spot market Canadian freight index saw a sizeable gain in March with volumes up 24 percent month-over-month, while the first two months of the year recorded only one percent gains. However, year-over-year volumes were 18 percent down from the unusual record-setting levels reached in March last year.
While postings by TransCore’s Canadian-based Loadlink® customers were down 11 percent from Q1 last year, consolidated postings from both U.S. and Canadian-based subscribers’ actually increased 3 percent year-over-year for the first quarter. This increase was primarily attributed to an increase in cross-border postings from U.S.-based companies, which were 63 percent higher than Q1 2011. In March, cross-border postings accounted for 69 percent of activity by Loadlink’s Canadian customers. Intra-Canada postings made up 29 percent of the total volumes.
Import postings constituted 57 percent of all cross-border postings while export postings accounted for 43 percent.
Top regions for import loads into Canada were:
- Ontario 54 percent
- Western 22 percent
- Quebec 21 percent
- Atlantic 3 percent
Top regions for import equipment into Canada were:
- Ontario 52 percent
- Western 23 percent
- Quebec 22 percent
- Atlantic 3 percent
Top regions for loads within Canada were:
- Western 51 percent
- Ontario 24 percent
- Quebec 19 percent
- Atlantic 6 percent
Total equipment postings in March increased five percent from the previous month; while year-over-year capacity was up nine percent from March 2011. For the first time in 2012, the monthly equipment-to-loads ratio dipped. Capacity has tightened up compared to the first two months of the year; however, equipment availability remains much more abundant than the tight capacity crunch of March 2011.
About Canada’s Largest Freight Matching System
TransCore’s Loadlink freight matching database constitutes the largest Canadian network of carriers, owner operators, freight brokers and intermediaries and has been available to Canadian subscribers since its inception in 1990. Over 13 million full loads, LTL (less than truck load) shipments and trucks are posted to the Loadlink network annually. As a result of this high volume, TransCore’s Canadian Freight Index is representative of the ups and downs in spot market freight movement and provides a historical account of the domestic and cross border spot market freight movement. The Loadlink network provides Canadian based companies with:
- The largest online database of available loads and trucks
- Unlimited access to the network and integrated services
- Guaranteed payment
About TransCore Freight Solutions
TransCore’s Freight Solutions serves brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. Load boards or freight matching include Loadlink in Canada and TransCore 3sixty powered by the DAT Network in the United States. Loadlink has the largest Canadian freight matching database of loads and trucks and offers access to other services such as Quickpay, credit reports, insurance and operating authorities, dispatch software, mileage software and more. TransCore’s trailer tracking and in-cab communications solutions feature the industry’s fastest response times and state-of-the-art satellite networking.