TORONTO--(BUSINESS WIRE)--TransCore Link Logistics Canadian Freight Index opened the New Year with never seen before highs in load volumes. After closing last year setting a record high for December, January volumes climbed sharply by 43 percent month-over-month, marking its volumes the highest ever recorded for the month of January in any year. January’s year-over-year increase also set the stage for the year by an astonishing 47 percent, beating last January’s historic highs.
January also had radical results displayed throughout all measurements for the month which includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
Cross-border postings averaged 72 percent of total load volumes. Cross border loads increased by 48 percent from January 2013.
- Cross-border loads originating in Canada destined to the United States realized the biggest gains with a 65 percent year-over-year increase in volumes.
- Cross-border loads originating in the United States destined for provinces within Canada climbed by 42 percent year-over-year.
- The top five states of origin for loads destined to Canada ordered from highest to lowest total loads were Illinois, Ohio, Texas, Wisconsin (not normally seen in the top five) and Michigan.
Intra-Canada load volumes represented 23 percent of the total volumes for January and increased considerably by 40 percent compared to the same period last year.
Equipment postings were relatively flat for January with a one percent decrease compared to December 2013 and were the lowest numbers seen in 13 months. The equipment-to-load ratio displayed flattering numbers with a noteworthy decline in January to 1.36 from 1.97 in the previous month. This radical drop represented a 71 percent improvement month-over-month.
Interestingly, the combined Canadian and United States equipment-to-load ratio for cross-border and inter-Canadian postings had a notable drop from 1.27 to 0.88 which represented a 76 percent improvement. The combined data for Canadian and United States loads for January increased by 50 percent year-over-year.
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. 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 Link Logistics
TransCore’s freight solutions serve brokers, carriers, owner-operators and shippers in the United States and Canada with best-in-class products. 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.
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.