TORONTO - TransCore Link Logistics Canadian and cross-border loads performed well in May with volumes demonstrating impressive increases. Year-over-year, freight volumes jumped 31 percent compared to May 2016. Load volumes in May 2017 were the second highest ever recorded in May, climbing 17 percent over last month.
Intra-Canada Loads accounted for 27 percent of the total volumes and improved substantially by 40 percent year-over-year.
Cross-border Load postings represented 70 percent of the data submitted by Loadlink users and showed significant increases.
- Loads leaving Canada to the United States jumped 30 percent, and
- Loads entering Canada climbed by 29 percent year-over-year.
May’s truck-to-load ratio remained steady at two trucks for every available load posted, and this ratio improved 29 percent from 2.84 compared to the same period last year. While equipment postings increased 17 percent month-over-month and decreased seven percent year-over-year, May’s increase in load volumes and increased capacity contributed to a consistent truck-to-load ratio month-over-month.
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 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.