TORONTO, Ont. — Canada’s sizzling spot market cooled in April after record-breaking freight availability in March.
TransCores’s Canadian Freight Index saw load volumes for April register a 15% year-over-year increase, surpassing the previous record set in April 2008. However, volumes were down 12% from March.
Equipment postings were also down, reaching their lowest recorded levels since 2005, TransCore reported. Available capacity was down nearly 20% from April 2010.
“While capacity and loads both decreased from the prior month, surprisingly the ratio of available equipment to loads remained at the exact same level on a month-to-month basis,” TransCore reported.
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