After a skyrocket climb in December 2016, January's freight volumes signaled a continuing upward trend.
TORONTO – TransCore Link Logistics Canadian and cross-border loads showed another stellar month of impressive load volumes. January’s load volumes marked the second highest recorded volumes compared to the same month in any year. The record for highest load volumes was set in January 2014.
Compared to last month, January’s volumes were up 10 percent, and compared to last year, load volumes jumped 43 percent year-over-year.
Intra-Canada loads represented 24 percent of the total volumes and climbed 45 percent compared to January 2016.
Cross-border loads averaged 72 percent of the total data submitted by Loadlink’s Canadian-based customers (an increase of five percentage points, from 67 percent in December 2016):
- Loads leaving Canada were up 35 percent, and
- Loads coming into Canada jumped 46 percent year-over-year.
The narrowing gap in capacity continued for January, tightening even further to 2.10 trucks for every load available. In December 2016, this ratio was 2.26. Year-over-year, the truck-to-load ratio improved 34 percent from 3.18 in January 2016.
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.
TransCore’s Canadian Freight Index accurately measures trends in the truckload freight spot market. The components of the Freight Index are comprised from roughly 5,500 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
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.