Canadian spot market freight volumes surge in March

Avatar photo

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.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

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 Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.