TORONTO, Ont. – The TransCore Link Logistics Canadian Spot Market Truck Index saw a big spike in July, following June’s swell in truck capacity.
The equipment capacity jumped in the month of July, as trucked posted were up 10% from last month and 30% year-over-year. The equipment-to-load ratio almost doubled the ratio from July 2014’s 1.89 to 3.71 – a 96% change. Month-over-month, the ratio increased from 2.53, representing a 47% change.
In addition, TransCore claims the equipment to loads ratio is the highest reported since 2009.
Though load volumes fell to the lowest levels all year this July, it is typical for the summer months.
TransCore also claims July also had two fewer shipping days for separate holidays observed in Canada and in the US. Volumes decreased 25% month-over-month, and 32% year-over-year.
Cross-border loads exiting Canada went down 20%, and loads entering Canada dropped 42% year-over-year, while Intra-Canada load volumes represented 29% of the total volumes and were down 21 percent year-over-year.
You can view real-time and historical data on total truck and load volumes on TransCore’s Posting Index.