Transcore Freight Index Continues to Surge

(Canadian Transportation & Logistics)

TransCore's Canadian Freight Index continued to show improvement in June, posting its sixth consecutive month of double digit growth in spot market freight availability. The index indicates spot market freight availability was up 59% year-over-year in June.

The index was 11% higher than in May. June, notes TransCore, is generally a peak month for spot market freight. For the second quarter, spot market freight was up 39% over the first quarter and 70% better than Q2 2009. Cross-border load postings were up 68% year-over-year while equipment availability dropped 15% from June 2009, indicating a tightening of capacity.

TransCore's Canadian Freight Index is derived from its Loadlink freight-matching service, which features more than 12 million loads and trucks per year. Read more here.