TORONTO--(BUSINESS WIRE)--While TransCore Link Logistics Canadian Freight Index was flat in October, increasing just one percent from September, year-over-year volumes continue to break records, jumping 21 percent compared to October 2013.
Cross-border load volumes for October averaged 69 percent of the total.
- Loads leaving Canada to the United States vaulted 70 percent year-over-year.
- Loads into Canada improved 14 percent year-over-year.
Intra-Canada load volumes represented 26 percent of the total volumes for October and rose 22 percent year-over-year.
Of the total volumes within Canada for the month of October:
- Loads into western Canada increased to 37 percent, up from 33 percent in September.
- Loads into Ontario decreased to 34 percent, down from 37 percent in September.
- Loads into Quebec and into Atlantic remained consistent compared to September.
Although equipment postings increased seven percent for the month of October, annual postings dropped six percent from October 2013. The equipment-to-load ratio increased to 2.03 from 1.92 in September. This marks the first time in 10 months that the equipment-to-load ratio exceeded a full two trucks for every one load available in the system.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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 shippers in Canada to a real-time database of 13 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, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics is a unit of Roper Industries, a diversified technology company and constituent of the Standard and Poor’s S&P 500, Fortune 1000 and the Russell 1000 indices. More information on TransCore Link Logistics can be found at www.transcore.ca, @loadlink on Twitter, on YouTube and on LinkedIn.