Thursday, October 18, 2012

TransCore’s Canadian Freight Index Slows in September Consistent with North American Data

TORONTO, October 18, 2012 -- TransCore’s Canadian Freight Index saw a drop in month-over-month spot market freight volumes in September, decreasing by 15 percent from August. Year-over-year load volumes were down 24 percent from September 2011. Quarterly figures were down 14 percent year-over-year while truck capacity was up 13 percent. The softening of the Canadian spot market freight is similar to figures reported for the North American Freight Index.

While a decrease was detected in both equipment and load postings, the equipment to loads ratio for September widened to levels previously seen more than two years ago. The variance however is reflective of previous third quarter results leading into fourth quarter.

Available capacity is comparable to April 2012, which is typical for the month of September.

The top states of origin for loads destined to Canada in order of most loads were Ohio, Pennsylvania, California, Illinois and Indiana. California moved from fourth highest in August to third this month.

The top destinations for freight originating in Canada were New York, Texas, Pennsylvania and California, with New Jersey bumping Florida from spot number five.
Cross-border postings still accounted for 70 percent of all load postings. Intra-Canada postings made up 26 percent of the total load volumes.

Regional Breakdowns:
Top destinations for loads imported into Canada were:
• Ontario 54 percent
• Western 22 percent
• Quebec 21 percent
• Atlantic 3 percent
Top regions for import equipment into Canada were:
• Ontario 52 percent
• Western 24 percent
• Quebec 21 percent
• Atlantic 3 percent
Regions of origins of loads within Canada were:
• Western 43 percent
• Ontario 27 percent
• Quebec 22 percent
• Atlantic 8 percent

About TransCore's Freight Matching System

TransCore’s Loadlink freight matching database constitutes one of 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:

• The largest online database of available loads and trucks
• Unlimited access to the network and integrated services
• Guaranteed payment

About TransCore’s Link Logistics Freight Solutions:

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.