TORONTO, Ont. — TransCore’s Canadian Freight Index is continuing to show record strength for spot market freight availability.
The company’s September index showed a 30% increase year-over-year while falling 6% off August’s total. Similar to North American data, spot market freight volume in Canada posted a new record in September, when compared to the same time in the last five years.
Load volume for the third quarter was up 44% over Q3 2009, but spot freight availability softened by 15% from its peak in the second quarter, TransCore reports.
Equipment availability dropped 12% in September compared to September 2009. Capacity was up 3% over the second quarter figures, resulting in an improvement in TransCore’s load-to-truck ratio. TransCore’s Canadian Freight Index is derived from its Loadlink freight-matching database.
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