TORONTO, Ont. – TransCore Link Logistics’ Canadian Freight Index took a hit in October.
The index fell 6% from September to October, and year-over-year volumes declined 30%.
In addition, cross-border loads leaving Canada fell 21%, and loads coming into Canada declined 41% year-over-year. These volumes averaged 67% of the total data submitted by Loadlink’s Canadian-based customers. Intra-Canada load volumes represented 28% of the total volumes and fell 26% year-over-year.
TransCore added that the equipment capacity was higher in October – up 4% month-over-month and 26% year-over-year, while the equipment to load ratio increase to 3.67 from 3.29 from September to October. This ratio also went up when comparing the ratio to October 2014 (2.03).
Of the total volumes of loads posted within Canada, loads into Western Canada increased to 38%, up from 32% in September; loads into Ontario decreased to 34%, down from 39% in September; loads into Quebec decreased to 24%, down from 26% in September; loads into Atlantic Canada increased to 4% percent, up from 3% in September.