TransCore reports slight uptick in Canadian spot market
TORONTO, Ont. – Canadian spot market saw improvement as the summer season concluded with increased load volumes, TransCore Link Logistics said in a report published Monday.
“Capacity contracted slightly due to a minor bump in load volumes aided by a small decline in truck volumes,” the report said.
“The change in load volumes from July constituted the smallest month-over-month change so far in 2019, offering some potential short-term stability.”
Daily volumes in the month remained relatively consistent, barring a boost at the end of the month.
“This could have coincided with the long weekend, some last-minute back-to-school shipments, as well as from emergency relief supplies in preparation for hurricane Dorian,” TranScore said.
Cross-border freight movement
Contrary to July, intra-Canadian freight postings remained relatively unchanged, the report said.
On the other hand, outbound cross-border freight to the U.S. jumped 27% over the month, while inbound cross-border freight from the U.S. fell by 11%. This resulted in an overall 3% increase in cross-border freight movement.
August’s equipment numbers decreased 5% while daily average number of truck postings dipped under 1%.
“This decline was mostly due to a 12% decrease in outbound cross-border trucks to the U.S. and a 6% decrease in intra-Canada truck postings,” the report said.
The truck-to-load ratio in August contracted downwards to a value of 3.88, a 7% decrease from July’s decade-high ratio of 4.16, it said.
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