TransCore Link Logistics Canadian and cross-border loads had strong volumes in February, earning the ranking of second highest recorded volumes in the month of February since the record was set in February 2014.
Compared to last year, February’s volumes increased 34 percent year-over-year; however, these volumes were five percent lower compared to January 2017.
Intra-Canada loads represented 26 percent of the total volumes and rose 29 percent compared to February 2016.
Cross-border load postings averaged 71 percent of the total data submitted by Loadlink’s Canadian-based customers and was higher compared to last year:
- Loads leaving Canada increased 13 percent, and
- Loads coming into Canada skyrocketed 55 percent year-over-year.
Equipment capacity has continued to be stable after three consecutive months of nearly two trucks for every available load. This capacity trend is not only impressive but continues to be promising news for the industry, a leading indicator that more trucks are hauling consumer goods with fewer empty miles.
Compared to the previous month, there was no change in February’s truck-to-load ratio. Compared to last year, the truck-to-load ratio improved 38 percent to 2.11 from 3.42 in February 2016.
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 5,500 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, 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.