DAILY NEWS Aug 12, 2014 9:41 AM - 0 comments

Canadian Freight Index displays traditional summer decline

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TORONTO--(BUSINESS WIRE)--TransCore Link Logistics' Canadian Freight Index displayed its traditional summer decline in load volumes, decreasing 12 percent compared to June. However, year-over-year volumes for July jumped 25 percent, leading any load volumes for the month since TransCore Link Logistics started recording data.

Cross border load volumes for July averaged 69 percent of the total. Cross border loads into Canada and cross border loads leaving Canada to the United States were up 18 and 37 percent, respectively, compared to July 2013.

Intra-Canada load volumes represented 25 percent of the total volumes for July and were up 30 percent year-over-year.

Compared to the same period last year, truck levels continued to remain low for 2014. Although equipment postings increased 13 percent from last month’s volumes, volumes fell 10 percent year-over-year. The equipment-to-load ratio increased to 1.89 from 1.47 the previous month, but decreased from 2.62 the previous July. This demonstrates a 39 percent improvement year-over-year.

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