Canadian spot market freight up 37% y-o-y in April: TransCore
TORONTO, Ont. — Canadian spot market load volumes were up 37% year-over-year in April, though 21% off March 2017 levels.
March is traditionally the peak month for loads, according to TransCore Link Logistics, which compiles the data.
Intra-Canada loads represented 27% of total volumes, and were up 35% compared to April 2016.
Cross-border loads, which accounted for 70% of total data, were also higher than last year. Loads leaving Canada were up 10% and those coming into Canada jumped 56% year-over-year.
Equipment capacity decreased 10% from March and 21% compared to April 2016. The decline in load volumes y-o-y, coupled with an equivalent decline in equipment capacity, resulted in a truck-to-load ratio of two trucks for every available load, TransCore reports. April marked the second lowest truck-to-load ratio in nearly two years.
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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.