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TransCore's Canadian Freight Index Sets New Record

TransCore’s Canadian Freight Index set a new record in March, topping previous record from May 2008. Volumes for March 2011 were up 35 percent from the previous year and 36 percent from the prior month.

For the first quarter 2011, volume was up 34 percent compared to the first quarter of 2001, and saw a 250-percent increase from March 2009.

While load volume reached an all-time high, equipment available postings remained at the same low levels recorded for the prior few months. From a historical perspective, available posted equipment was down 24 percent from the lofty capacity levels of March 2009.

TransCore’s Loadlink freight matching database is 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 shipments and trucks are posted to the Loadlink network annually.

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International: Related News

4/19/2011 – TransCore’s Canadian Freight Index Sets New Record

TransCore’s Canadian Freight Index set a new record in March, topping previous record from May 2008. Volumes for March 2011 were up 35 percent from the previous year and 36 percent from the prior month….

4/11/2011 – FMCSA to Publish Details of Mexico Trucking Pilot Program

The Federal Motor Carrier Safety Administration last week proposed its plan for a three-year pilot program in which Mexican and U.S. carriers could offer long-distance service into each country.
The program is the result of an agreement between President Obama and President Calderon of Mexico to resolve the long-standing dispute over cross-border trucking….

4/8/2011 – DOT Releases Details of Proposed Cross-Border Program

Today the U.S. Department of Transportation released the details of a proposed, phased-in long-haul, cross-border trucking program between the United States and Mexico. It builds upon the progress announced by Presidents Obama and Calderon in early March, according to the announcement….

4/6/2011 – Isuzu Resumes Japanese Truck Production

Isuzu Commercial Truck of America announced that Isuzu Motors Limited was resuming production at its Fujisawa plant on April 5. The factory had been idled since the devastating earthquake and tsunami that struck Japan on March 11….

3/30/2011 – Volvo to Sell Hybrid Trucks in Europe

Swedish truck maker AB Volvo announced that Volvo Trucks will sell heavy hybrid trucks under the name Volvo FE Hybrid to customers in selected European markets….

3/22/2011 – BTS Releases North American Surface Trade Numbers for 2010

Surface transportation trade between the United States and its NAFTA partners, Canada and Mexico, increased by 24.3 percent in 2010 compared to 2009, reaching $791 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation….

3/14/2011 – EOBR Alliance Decries Unfairness of DOT’s Plan to Pay for EOBRs on Mexican Trucks

A group of carriers that has been pushing mandatory electronic onboard recorders is crying foul when it comes to the Department of Transportation’s plan to fund the devices on Mexican trucks that will be operating in the U.S. under long-delayed aspects of the North American Free Trade Agreement….

3/11/2011 – Japan Quake, Tsunami Prompt Oil Prices to Fall

The massive earthquake and tsunami that struck Japan has pushed down the price of oil today and may affect traffic at the West Coast intermodal ports.

Crude oil futures fell below $100 a barrel on the New York Mercantile Exchange earlier today for the first time in more than a week. Japan is the world’s third largest oil importer, and there is concern the disaster could slow its economy, one of the world’ largest….

3/9/2011 – Mexican Trucks Will Have EOBRs

Additional details are emerging on the agreement between the U.S. and Mexico to reopen the border to long-distance trucking.

A Department of Transportation official speaking on background confirmed that under the plan, the Federal Motor Carrier Safety Administration will require Mexican trucks to use electronic onboard recorders as part of their satellite tracking systems….

3/7/2011 – DAF Coming on Strong in Europe

In 2010, DAF Trucks N.V. — a subsidiary of Paccar — further strengthened its position on the European truck market….

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Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA