TransCore’s Canadian Freight Index showed a 37% increase in spot market
freight volumes for November compared to the same month last year.
Volumes were also up 2% compared to October, despite the fact the
month usually shows a decline following the US Thanksgiving, TransCore
notes. November’s results reflect the first month-over-month increase in
load posting activity since August and this November’s freight availability
was the highest for the month since 2007.
TransCore also noted that capacity improved in November. For the first
time since January, equipment postings increased a modest 1% (year-overyear).
This follows double-digit decreases through much of 2010.
For October, the index showed a 26% increase in year-over-year spot
market load levels. October also had the second highest freight volume
compared to the same month over the last five years. However, the
index also recorded a 23-point dip in spot freight availability compared
to September, which was the third consecutive monthly decline at the
time. Load volume levels continue to stay above 200 index points as they
have for nine straight months now.
TransCore derives its index from its Loadlink freight-matching service,
which includes more than 13 million loads and trucks each year.
As a result of this high volume, TransCore believes its Canadian Freight
Index to be representative of the ups and downs in spot market freight
movement and provides a historical account of the domestic and crossborder
spot market freight movement.
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