Truck News

News  July 17, 2014 2:32PM

Canadian spot market sets all-time six-month record to start 2014



TORONTO, Ont. — The Canadian spot market remains strong, setting an all-time six-month record during the first half of 2014.

The TransCore Link Logistics Canadian Freight Index saw volumes swell 42% year-over-year during the first half of 2014. The year’s first half also set a new high for any six-month period since TransCore began tracking the data.

June marked the sixth straight month of record-setting volumes, according to TransCore, but month-over-month volumes were flat from May to June and Q2 volumes were down 4% compared to the first quarter.

However, Q2 volumes were up a s harp 38% compared to Q2-2013.

TransCore’s Canadian Freight Index measures trends from about 5,000 Canadian trucking firms and freight brokers. It found cross-border postings accounted for 72% of total load volumes in June. Cross-border loads originating in Canada increased 67% year-over-year while cross-border loads originating in the US were up 30% y-o-y.

Equipment postings were down slightly in June and truck levels remain low compared to last year’s levels, down 12% year-over-year in June.

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