TransCore’s Canadian Freight Index records highest volume of loads since mid-2008
September 1, 2010
TORONTO, Ont. - TransCore's Canadian Freight Index climbed for the sixth straight month in June, showing significant improvement year-over-year with a 59% increase in spot market freight availability ...
TORONTO, Ont. –TransCore’s Canadian Freight Index climbed for the sixth straight month in June, showing significant improvement year-over-year with a 59% increase in spot market freight availability when compared to the same period last year.
The June 2010 index rose by 11 points over the previous month, also marking the sixth straight month of double-digit growth. June is historically a peak month and has the highest load volume year-to-date, according to TransCore.
Spot market freight availability for the second quarter was 39% higher than the first quarter volumes and 70% higher than the second quarter of 2009.
Intermediaries and carriers across Canada list more than 12 million loads and trucks per year on Loadlink, Canada’s largest logistics freight matching database and network. As a result of this high volume, TransCore says its Canadian Freight Index is representative of the ups and downs in spot market freight movement as well as providing a historical account of the domestic and cross border spot market freight movement.
The first four columns in Table 1 include monthly index values for years 2006 through 2009. The last column indicates the percentage change from January through June 2009 to 2010. For the purpose of establishing a baseline for the index, January 2002 (index value of 100) has been used.
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