2018 sees soaring truckload volumes across Loadlink Canadian regions
TORONTO –-The number of loads posted on Loadlink in 2018 for Canadian and cross-border load volumes significantly outperformed any previous quarter on record. March volumes increased six percent compared to February 2018, and year-over-year, volumes were 39 percent higher than those recorded in March 2017.
First quarter volumes grew 41 percent compared to an already impressive fourth quarter of 2017, and increased 62 percent compared to the first quarter of 2017.
Rallying of load volumes were significant in all Canadian regions for the first quarter of 2018. When looking at performance by province, Alberta led the growth with a 41 percent increase in load volumes quarter-over-quarter.
Quarterly growth in load volumes by region (Q1 2018 over Q4 2017):
- Western (BC, AB, SK, MB): 38 percent
- Ontario: 37 percent
- Quebec: 36 percent
- Atlantic: 30 percent
Other quarterly highlights:
- Load volumes in January, February and March of 2018 were the highest ever recorded by Loadlink
- The highest month for load volumes was recorded in January
- Truck postings had the most significant month-over-month increase in March a positive shift for the supply and demand curve
Intra-Canada loads accounted for 24 percent of the total volumes and amounted to a 23 percent increase year-over-year.
Cross-border load postings represented 74 percent of the data submitted by Loadlink users:
- Loads leaving Canada to the United States increased 58 percent year-over-year, and
- Loads entering Canada increased 39 percent year-over-year.
Equipment postings increased 15 percent compared to February 2018; however, declined 28 percent when compared to March 2017.
Even with the significant growth in load volumes, truck volumes rallied in March, forging a fairer, yet still highly competitive truck-to-load ratio for the month. The number of trucks posted on Loadlink was 0.92 for every one load posted on the network, compared to 0.85 in February. Year-over-year, the ratio continued to tighten from 1.78 in March 2017.
About TransCore Indexes
Truckload spot rates in specific areas can be accessed from TransCore’s Rate Index truckload rating tool 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 5,600 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 developed Loadlink in 1990. Loadlink is 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 operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. Additional information about Roper is available on the Company’s website at www.ropertech.com.