TransCore’s Canadian Freight Index records second-best February in 11 years
TORONTO, Ont. — TransCore’s Canadian Freight Index recorded its second-best February spot market freight volume in 11 years, surpassed only by last year’s peak in February loads, the company announced. Month-over-month the index increased by 1%.
Intra-Canada loads accounted for 28% of the month’s volume. Top regions for loads within Canada were: Western (42%), Ontario (36%), Quebec (18%), and Atlantic (4%).
Equipment postings in February also increased by only 1% from the previous month while year-over-year capacity was up 16% from February 2011.
The equipment-to-loads ratio remained unchanged from the level established in January.
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