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ShareTORONTO -- TransCore’s Canadian Freight Index for July 2011 was down twenty-two percent month-over-month but had a three percent increase over the same period in 2010.
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July, which traditionally marks the start of the summer vacation and highway construction season, has for the past five years experienced a decrease from June levels; however, July 2011 had the biggest decline in volumes since July 2007.
Equipment postings in July dropped from the increases of the past two months. Capacity was also down ten percent from July 2010 and at the lowest recorded level for the month of July in over five years. With lower volumes in load availability, the equipment-to-loads ratio saw an increase in July, reaching levels not seen since January of this year.
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