TransCore’s Canadian Freight Index Dips in April

TransCore Link Logistics reported weaker Canadian Freight Index volumes for April 2013. The month-over-month load volumes had a seven percent decrease and the year-over-year volumes fell behind April 2012 levels by 14 percent.

The equipment postings for April increased by six percent compared to figures from the previous month, and the year-over-year equipment postings saw a significant increase of 11 percent. As a result of these index changes, the equipment-to-load ratio declined considerably for April to 2.35 from 2.08 of the previous month.

Overall load volumes for cross-border postings and intra-Canada postings averaged at 70 and 25 percent respectively. Cross-border loads destined for provinces within Canada were down 21 percent year-over-year compared to April 2012. In contrast, cross-border year-over year loads from Canada to the United States were up substantially by 16 percent.

Intra-Canada year-over-year load volumes for April were down two percent while equipment increased substantially by 24 percent.

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.

Category: Featured, General Update, Management