Canadian Spot Market Index Dips, Transcore Reports
TORONTO — Transcore's spot market Canadian Freight Index dropped three percentage points in April, down from March's high.
Year-over-year volumes were down 11 percent from 2011's record highs.
Cross-border postings dominated in April, coming in at 73 percent of activity on Transcore's Loadlink Canadian customers. Intra-Canada postings made up 23 percent of total load volumes. Here's the breakdown:
Top Regions for Import Loads:
- Ontario: 55 percent
- Western: 22 percent
- Quebec: 20 percent
- Atlantic: 3 percent
Top Regions for Import Equipment:
- Ontario: 50 percent
- Western: 24 percent
- Quebec: 22 percent
- Atlantic: 4 percent
Top Regions for Loads within Canada:
- Western 48 percent
- Ontario 25 percent
- Quebec 20 percent
- Atlantic 7 percent
Year-over-year, capacity was up 19 percent from March 2011, but compared to earlier in 2012, capacity has tightened. Equipment availability remains more abundant than the tight capacity crunch and record low of April 2011, Transcore said.