OTTAWA, Ont. — Following a recent high in March (1.30), April’s boost in shipments pulled down the inventory-to-shipment ratio to 1.28 for the month, Statistics Canada reports.
The ratio has been on a gradual upward trend since late last summer, as manufacturing began to show signs of vulnerability.
The inventory-to-shipment ratio is a key measure of the time, in months, that would be required in order to exhaust inventories if shipments were to remain at their current level.
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. All posts by Truck News