Freight Index increases
Aug 25, 2010 11:40 AM
TransCore’s Canadian Freight Index showed a 53% increase year-over-year. After registering continuous increases from January to June 2010, with June the highest recorded freight volume since June 2008, July 2010 freight volume dipped slightly by 19% compared with the previous month. This fluctuation is consistent with the five-year historical trend representing seasonality, vacation, and construction activity.
Combined cross-border loads were up 69% year-over-year while equipment availability continued to decrease by 18% from July 2009.
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.
More than 12 million full loads, LTL (less-than-truckload) 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 domestic and cross-border spot market freight movement.
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