TransCore announced Friday, Dec. 17, that its Canadian Freight Index reported a 37 percent increase in freight volumes for November compared to the previous year. The U.S. Thanksgiving holiday historically has resulted in a reduction of month-over-month freight volumes for November, but volumes this year were up by 2 percent from October.
November’s results reflect the first month-over-month increase in load-posting activity since August, reaching the highest freight volume for the month since 2007. Also significant, November saw capacity improve; for the first time since January, equipment postings increased. The year-over-year increase was a modest 1 percent, but compared to considerable double-digit decreases seen in 2010, the shift is noteworthy.
TransCore’s Loadlink freight matching database has been available to subscribing Canadian carriers, owner-operators, freight brokers and intermediaries since its inception in 1990. More than 13 million full loads, less-than-truckload shipments and trucks are posted to the Loadlink network annually. TransCore says that as a result of this high volume, 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.