Canadian Spot Market Capacity Jumps, Volume Declines
TORONTO — A measure of Canada’s spot freight trucking market was nearly flat for June while truck capacity broadened past any previous year’s levels.
Transcore Link Logistics‘ Canadian Freight Index shows equipment capacity was up with noticeable increases seen for available trucks going in and out of the country as well as within Canada.
The number of available trucks posted in June were up eight percent month-over-month and jumped 36 percent year-over-year.
The equipment-to-load ratio was at the highest year-to-date, increasing to 2.53 from 2.39 in May. Year-over-year, the ratio increased from 1.47 in June 2014, representing a 72 percent change.
Second quarter 2015 load volumes saw decreases compared to previous quarters, declining six percent from the first quarter of 2015, and 20 percent compared to the same period last year.
Year-over-year volumes fell 21 percent over June 2014, but inched up two percent month-over-month. June represents the sixth consecutive month with year-over-year declining volumes.
The high point for load volumes year-to-date was set in March.
Cross-border loads leaving Canada declined 15 percent, and loads coming into Canada fell 23 percent year-over-year. These volumes averaged 71 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 23 percent of the total volumes and were down 18 percent year-over-year, and three percent compared to last month.
TransCore’s Canadian Freight Index 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 them.
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