TransCore’s Canadian Freight Index pulls back to ‘normal levels’ in February
March 20, 2013
TORONTO, Ont. -- After an all-time high record in January, TransCore’s Link Logistics Canadian Freight Index saw volumes return to a more normal level for February with a 13% decrease in month-over-month volumes. Year-over-year load...
TORONTO, Ont. — After an all-time high record in January, TransCore’s Link Logistics Canadian Freight Index saw volumes return to a more normal level for February with a 13% decrease in month-over-month volumes. Year-over-year load volumes were down 11% from February 2012.
Cross-border load postings accounted for 68% of the data submitted by Loadlink’s Canadian-based customers, according to TransCore officials. Cross-border loads destined for provinces within Canada were down 19% year-over-year compared to February 2012. However, cross-border loads from Canada to the US increased 3% year-over year. The top states of origin for loads destined to Canada were Ohio, Pennsylvania, Illinois, Indiana and Michigan respectively.
Overall load volumes for intra-Canada postings averaged at 27%. Although, the year-over-year volumes were down 6% from February 2012, the capacity increased year-over year by 6%.
Equipment postings were at expected levels for the month of February. February’s postings decreased 5% from the previous month. In spite of this, postings had a slight increase of 5% from February of the previous year.
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