TORONTO, Ont. — The Canadian spot market closed out the year strongly, with record-setting freight volumes for the year.
The TransCore Link Logistics Canadian Freight Index set a record high for annual load volumes in 2014, up 33% compared to 2013. Record volumes were set for 10 months in 2014, the most since TransCore began tracking the data.
The two months that fell short of setting new records – August and November – barely missed the previous benchmarks, TransCore reports.
Load volumes for the fourth quarter were up 20% compared to the same period in 2013, but down 3% compared to the third quarter of 2014.
December’s volumes were up 11% compared to November, marking the third highest month-over-month gain of the year. Volumes were 19% stronger than in December 2013.
Cross-border loads accounted for 70% of the total in December. Year-over-year, cross-border loads were up 41% southbound and 15% northbound in December.
Intra-Canada loads were up 10% y-o-y in December.
Equipment postings showed no change in volumes compared to last year, but were down 8% compared to November. The equipment-to-load ratio decreased to 1.66 from 2.01 in November, TransCore reports.
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