TransCore’s Canadian Freight Index steady in November
TORONTO, Ont. — TransCore’s Canadian Freight Index remained steady in November with no change from October levels, the company announced. However, year-over-year load volumes increased a “healthy” 17%, according to TransCore officials.
Historically, November experiences a decrease in spot freight, but November 2011 was the second-best November on record, with levels just behind those reached in November 2005. TransCore began recording data in 2001 when TransCore acquired Link Logistics.
Equipment postings in November were up 5% from October, however, the lowest levels for any November since 2005. Capacity was 8% below recorded levels for November 2010.
There was no change in the equipment-to-loads from volumes reached in October.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.
Just reading the information on the Transcore volume incerease. 17% seems a little far fetched. When you look at the boards to see what’s available one finds that there over 30% repeats, so this doesn’t really reflect the true numbers.
For example; when you look for a load from lets say from Edmonton, A.B. to Tacoma, WA., There may be one load available but it is posted maybe 25 times either by the same broker or by many brokers. One has just to call some of these brokers and really find out. I know I have tried this and found out that as many as 30 broker/carriers have loads posted, the same load and some loads posted many times to draw attention to their listing.
From Transcore data collection this would definately calculate as an incerease in volume, a great marketing tool and hype for Transcore but in reality a false number. Personally I would suggest they gleen their customers by calling them and asking if they really have all these loads available the day they post them, so they can send 30 trucks in to pick them up, and listen to the excuses and lies about how they must have pressed enter or the key got stuck and they didn’t realize that they had posted so many times. Dial them up yourself and really find out.
Just something to think about when offering some of the information being put out there.
Have a good day
Dave Patraschuk
Patraschuk Trucking Ltd.