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| [November 16, 2012] |
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TransCore's Canadian Freight Index Climbs Back Eight Percent in October
TORONTO --(Business Wire)--
After the dip in September, TransCore's
Link
Logistics Canadian Freight Index saw an eight percent increase in
month-over-month volumes for October. Year-over-year was down 14 percent
from the particularly high levels of October 2011.
Cross-border postings accounted for 69 percent of overall load postings
while intra-Canada postings made up 27 percent of the total volume.
Equipment postings increased 21 percent month-over-month and 30 percent
year-over-year. Available capacity is comparable to the October 2007
level. While a decrease was detected in loads postings, an increase was
seen in equipment postings. The equipment to loads ratio for October
widened to levels seen in 2007.
The top states of origin for loads destined to Canada were Ohio,
Pennsylvania, Illinois, California and Michigan. Illinois and California
traded spots from last month. Michigan surpassed Indiana to claim the
number five spot. The top destinations for freight originating in
Canada were New York, Pennsylvania, Texas and California, with
Florida reclaiming the number five spot from last month.
Regional Breakdowns:
Top destinations for loads imported into Canada were:
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Ontario 55.5 percent
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Western 22 percent
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Quebe 20 percent
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Atlantic 2.5 percent
Top regions for import equipment into Canada were:
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Ontario 52 percent
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Western 23 percent
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Quebec 21 percent
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Atlantic 4 percent
Regions of origins of loads within Canada were:
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Western 46 percent
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Ontario 30 percent
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Quebec 18 percent
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Atlantic 6 percent
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:
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The largest online database of available loads and trucks
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Unlimited access to the network and integrated services
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Guaranteed payment
About TransCore Link Logistics
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.
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