TransCore’s Canadian Freight Volumes Fall 9% in November
TransCore Link Logistics reported declines in Canadian Freight Index volumes for the month of November.
The month-over-month load volumes fell by nine percent compared to October 2013 offset by two fewer shipping days and the U.S. Thanksgiving holiday. November’s year-over-year load volumes had a marginal decline of two percent compared to the previous year’s load volumes for the same month.
Load volumes for November were slightly higher than the average from the last five years, however they were the second lowest load levels this year following February’s which were at the lowest levels seen for 2013.
Cross-border postings averaged 67 percent of total load volumes. Cross-border loads originating in Canada destined to the United States declined by two percent year-over-year. Similarly, cross-border loads originating in the United States destined for provinces within Canada were down by six percent compared to November 2012.
Intra-Canada load volumes represented 27 percent of the total volumes for November and were flat compared to the same period last year.
Favorably, capacity showed signs of easing. The equipment postings for November declined by 10 percent from last month’s levels and were down two percent from November 2012. The equipment-to-load ratio decreased slightly in November to 2.62 from 2.63 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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. TransCore is a unit of Roper Industries, a diversified growth company and constituent of the Standard and Poor’s S&P 500, Fortune 1000, and the Russell 1000 indices. More info at: www.Transcore.ca.
Category: Featured, General Update
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