August spot market freight volume up 50% from last year
TORONTO — TransCore’s Canadian Freight Index showed a 50 percent year-over-year increase in spot market freight volume with a two point increase from July. Freight for the month of August 2010 registered the highest volume ever recorded for the same month in the last five years.
Combined cross-border loads were 55 percent higher year-over-year while equipment availability dropped 16 percent as compared to August 2009. Increasing level of freight availability along with a decline in trucks searching for loads has been the steady pattern throughout the last 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.
Over 12 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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