TransCore’s Canadian Freight Index sets new record for February load volumes
March 21, 2011
TORONTO, Ont. --Transcore's Canadian Freight Index set another record for spot market truck freight volume in February with a month over month increase of 11 percent, despite the fact February is a short month.
TORONTO, Ont. –Transcore’s Canadian Freight Index set another record for spot market truck freight volume in February with a month over month increase of 11 percent, despite the fact February is a short month.
Load postings were up 36 percent year over year. February 2011 freight volume was more than double that of February 2009, during the economic downturn. February 2011 volumes also reached the highest levels for the month of February since TransCore began recording the Canadian freight data in 2001.
This mirrors the findings on TransCore’s North American Freight Index that recorded the highest spot market truckload freight volume for the month of February since the company established the North American Freight Index in 1986.
However, with loads reaching an all time high, equipment continued to decline. Capacity dropped to the lowest level since 2005.
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. Over 13 million full loads, ltl (less than truck load) 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 the domestic and cross border spot market freight movement.
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