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Canada’s spot market volumes start year strong

TORONTO, Ont. — Canada’s spot market started the year with its second highest January load volumes on record, according to TransCore Link Logistics.

Month-over-month and year-over-year volumes were down 1% and 18% respectively, however January 2015 still recorded the second highest recorded volumes compared to the same month in any year, TransCore reported.

Loads coming into Ontario increased 7% compared to December 2014, while loads into Western Canada dropped 24%.

Cross-border load volumes averaged 73% of the total, an increase of 3% compared to December 2014. Year-over-year, cross-border loads leaving and entering Canada to and from the United States decreased 8% and 20%, respectively, TransCore reports.

Intra-Canada load volumes represented 23% of the total volumes for January and decreased 19% year-over-year.

Equipment postings were up 7% month-over-month and 8% year-over-year. The equipment-to-load ratio increased to 1.79 from 1.66 in December, and from 1.36 in January 2014.

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