TORONTO, Ont. — TransCore’s Canadian Freight Index for the nation’s spot market in August was up 10% from July 2011 and had a 12% increase year-over-year. August 2011 freight volumes were the highest for same month over the last five years.
Equipment postings in August reached the highest levels for 2011, with capacity up over 11 percent from last month’s total. Capacity was three percent above recorded levels for August 2010.
The equipment-to-loads ratio remained virtually unchanged from the level established in July.
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 believes its 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.