TORONTO, Ont. – TransCore has reported loads posted to its Loadlink freight matching service declined in February by 9% off historically high levels.
However, TransCore said load volumes are still higher than average, setting the bar for a strong year. Even with the dip from January levels, February load volumes were the second highest ever recorded. They were also up 74% year-over-year.
Intra-Canada loads were up 48% year-over-year, cross-border loads increased 92% y-o-y (southbound) and 82% y-o-y (northbound).
Equipment postings were down 9% from January, and 30% year-over-year, resulting in a truck-to-load ratio of just 0.85. Last February, there were 2.11 trucks chasing each load.
“The indicators for increasingly higher-than-usual demand for trucks were first noted on the Freight Index at the end of the third quarter of 2017, when the supply of loads were increasing at a higher rate than truck capacity,” TransCore reported. “Legislative changes for carriers that came into effect in January 2018 exacerbated the tightening of the spot market demand and capacity.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.