TORONTO, Ont. — Canadian spot market freight volumes reached an unprecedented high in March and set a new record for the first quarter.
TransCore Link Logistics’ Canadian Freight Index recorded a 16% increase in freight volumes over February, and a 50% increase year-over-year. The company reports its March volumes were the highest ever recorded for any month.
The first quarter results were up 52% compared to Q1 2013 and 51% higher than Q4 2013 volumes. Meanwhile, equipment postings for the first quarter were the lowest seen since 2005. Posted trucks ewre down 18% compared to Q1 2013. TransCore’s truck-to-load ratio for March represented the tightest capacity on record.
TransCore indicates increases in load volumes were seen across the board, in inbound, outbound and inter-Canadian freight movements.
Cross-border postings accounted for 71% of total load volumes. Loads from Canada into the US surged 92% year-over-year, while loads originating in the US destined for Canada were up 42% y-o-y.