TORONTO – TransCore Link Logistics’ Canadian equipment capacity in July rose to its highest level since November 2016 in contrast to an expected seasonal decline in load volumes. While July load volumes were down 22 percent from June, they were still the highest recorded volumes for the month when compared to any July of any year. Year-over-year, these volumes were up three percent.
Intra-Canada loads accounted for 31 percent of the total volumes and amounted to a 12 percent increase year-over-year.
Cross-border load postings represented 67 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States decreased two percent year-over-year, and
- Loads entering Canada increased one percent year-over-year.
July’s equipment postings increased 19 percent when compared to June 2018 and 15 percent when compared to July 2017.
July marked the first time in 19 months that truckload supply and demand pushed past two available trucks for every load posted on Loadlink. The average truck-to-load ratio was 2.2 in July, a 53 percent increase from 1.45 in June. Year-over-year, the average ratio increased 12 percent from 1.98 in July 2017.
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 6,100 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, an online transportation job board, mileage software and more.