TORONTO--(BUSINESS WIRE)--TransCore Link Logistics volumes for Canadian and cross-border loads gained traction in March. Compared to last month, volumes spiked 17 percent—a refreshing sign for carriers on Loadlink who witnessed the first month-over-month increase of this size in more than two years. However, year-over-year volumes were down 17 percent compared to 2015 peak volumes that were set in March 2015.
The first quarter of 2016 ended strong with load volumes increasing for three consecutive months. This trend of greater than two sequential increases month-over-month has not been seen for more than 24 months. Compared to the fourth quarter of 2015, volumes increased 14 percent for quarter one of 2016, and was down 22 percent compared to the same period last year.
Intra-Canada load volumes represented 27 percent of the total volumes and were similar to last year’s, down only one percent year-over-year.
Cross-border loads averaged 69 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were lower by 14 percent, and loads coming into Canada decreased 26 percent year-over-year.
Posted equipment increased five percent month-over-month, and these postings were above February 2015 totals by 23 percent year-over-year. The equipment-to-load ratio decreased to 3.05 from 3.42 in February. Year-over-year, this ratio increased from 1.95 in March 2015, representing a 56 percent change.
TransCore’s Canadian Freight Index accurately measures the movement of freight and equipment from roughly 5,500 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
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.