TORONTO--(BUSINESS WIRE)--TransCore Link Logistics Canadian Freight Index volumes receded in February following last year’s unprecedented volumes, but remained higher than prior years. Even with a shortened month and fewer shipping days, February’s daily loads, taken as an average, were two percent higher than in January.
Compared to the lofty highs reported in 2014, load volumes this February fell 20 percent year-over-year. Month-over-month volumes were down eight percent.
There were no obvious shifts in regional distribution of cross-border loads coming into Canada compared to January. However, regional shifts for loads leaving Canada were observed. Compared to last month, loads leaving Ontario decreased 10 percent, and loads leaving western Canada jumped 17 percent.
Cross-border load volumes averaged 71 percent of the total, a decrease of two percent compared to January. Despite the lower Canadian dollar, outbound load volumes decreased by nine percent compared to the same period last year. Inbound loads decreased by about a third year-over-year.
Intra-Canada load volumes represented 26 percent of the total volumes for February and decreased 14 percent year-over-year.
Equipment postings dipped two percent month-over-month and jumped 16 percent year-over-year. The equipment-to-load ratio increased to 1.90 from 1.79 in January and from 1.36 compared to February 2014. Outbound equipment availability is at the same level as 2014 while inbound equipment postings have increased by over 20 percent.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
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, credit solutions, factoring, online transportation job boards, mileage software and more.
TransCore Link Logistics is a unit of Roper Industries, a diversified technology company and constituent of the Standard and Poor’s S&P 500, Fortune 1000 and the Russell 1000 indices. More information on TransCore Link Logistics can be found at www.transcore.ca, @loadlink on Twitter, on YouTube and on LinkedIn.