Canadian Freight Index shows increased capacity, decline in volume
TORONTO, Ont. – The TransCore Link Logistics Canadian Freight Index was flat in June though truck capacity broadened past previous year’s levels.
In addition, equipment capacity was up for the month with noticeable increases for available trucks going in and out of Canada as well as within Canada. Trucks posted in June went up 8% month-over-month and 36% year-over-year, while the equipment-to-load ratio was at its highest for 2015, going to 2.53 from 2.39 in May.
The second quarter load volumes for the year saw decreases – 6% from the first quarter and 20% compared to last year’s second quarter. Year-over-year volumes declined 21%. Cross-border loads leaving Canada went down 15%, and loads coming into Canada fell 23% year-over-year.
Intra-Canada load volumes represented 23% of the total volumes and were down 18% year-over-year, and 3% compared to last month.
The high point for load volumes year-to-date was set in March.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
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