TransCore’s Canadian Freight Volumes Trended Higher in the Second Quarter of 2016
TORONTO--(BUSINESS WIRE)--TransCore Link Logistics volumes for Canadian and cross-border loads continued strong in the second quarter of 2016. Compared to last month, volumes were essentially flat, down marginally by two percent month-over-month. Year-over-year volumes were lower by six percent compared to June 2015. The highest load volumes for the first half of the year were observed in May; these were the same volumes in May 2015.
The second quarter of 2016 showed improved load volumes, advancing 11 percent compared to the previous quarter. Year-over-year for the quarter, volumes were lower by eight percent for the second quarter of 2015. Year-to-date, load volumes trended higher from the start of the year, and overall load volumes were similar to 2013.
Intra-Canada load volumes represented 26 percent of the total volumes and improved six percent compared to June 2015. Also, load volumes within Canada were 13 percent higher from the first quarter to the second quarter of 2016.
Cross-border loads averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were lower by three percent, and loads coming into Canada decreased 10 percent year-over-year. Quarter-over-quarter, loads coming into Canada jumped 28 percent.
Equipment capacity loosened in the month of June. Posted equipment increased four percent month-over-month and were up 11 percent year-over-year. The equipment-to-load ratio increased to 3.01 trucks for every load available, up from 2.84 in May. Year-over-year, this ratio increased from 2.53 in June 2015, representing a 19 percent change.
TransCore’s Canadian Freight Index accurately measures the movement of freight and equipment from roughly 5,500 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
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.
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.