Canadian Freight Conditions Up From April, Down Year-Over-Year
Posted: June 17, 2015
TORONTO–TransCore Link Logistics’ Canadian Freight Index demonstrated a slender gain in volumes in May.
Month-over-month load volumes edged up four percent from April. Despite this gain, year-over-year volumes were down for the fifth consecutive month, decreasing 22 percent over May 2014.
Cross-border loads leaving Canada fell 23 percent, and inbound loads coming into Canada fell 21 percent year-over-year. These volumes averaged 70 percent of the total data submitted by Loadlink’s Canadian-based customers.
Intra-Canada load volumes represented 25 percent of the total volumes and were down 25 percent year-over-year.
A notable shift in the distribution of loads was observed entering western Canada and into Ontario. Month-over-month, western Canada saw a decrease in loads destined for the region by 15 percent; in contrast, Ontario saw an increase in loads destined for the province by 24 percent compared to April 2015.
Equipment capacity was relatively flat month-over-month, declining one percent from April 2015. In contrast, truck postings increased 25 percent year-over-year. The equipment-to-load ratio shifted down to 2.39 from 2.50 in April and from 1.49 compared to May 2014, a 61 percent improvement year-over-year.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers, and includes all domestic, cross-border and interstate data submitted by Loadlink’s customers.
Real-time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from TransCore’s Posting Index.