TransCore’s Canadian Freight Index showed a 50% year-over-year increase in spot market freight volume with a two-point increase from July 2010. Freight in August 2010 registered the highest volume ever recorded for the same month in the past five years.
Combined cross-border loads were 55% higher year-over-year, while equipment availability dropped 16% compared with August 2009. Increasing level of freight availability along with a decline in trucks searching for loads has been the steady pattern throughout the past eight months.
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.
More than 12 million full loads, LTL (less than truckload) 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 domestic and cross-border spot market freight movement.