TransCore’s Canadian Freight Index dips slightly in April

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TORONTO, Ont — TransCore’s spot market Canadian freight index saw a three percent decline in April, down from a high mark set in March 2012, but remains well above recessionary levels. Year-over-year volumes were down 11% from the record highs in 2011.

Cross-border postings continued to dominate in April accounting for 73% of activity by Loadlink’s Canadian customers. Intra-Canada postings made up 23% of the total load volumes.

Top regions for import loads into Canada were:

•     Ontario 55%

•     Western 22%

•     Quebec 20%

•     Atlantic 3%

Top regions for import equipment into Canada were:

•     Ontario 50%

•     Western 24%

•     Quebec 22%

•     Atlantic 4%

Top regions for loads within Canada were:

•     Western 48%

•     Ontario 25%

•     Quebec 20%

•     Atlantic 7%

Total equipment postings in March decreased 3% from the previous month, while year-over-year capacity was up 19% from March 2011. Capacity has tightened compared to earlier in the year; however equipment availability remains more abundant than the tight capacity crunch and record low from April 2011.

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