TransCore Canadian Freight Index softens in April

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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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