DAILY NEWS Mar 15, 2014 3:14 PM - 0 comments

February's Canadian Freight Index shows signs of strength

TEXT SIZE bigger text smaller text

TORONTO, Ont. – February proved to be another strong month for freight movement.

Although load volumes were 5% lower than in January, TransCore Link Logistics notes this is due to February being a short month with fewer shipping days. In comparison to the very strong January figures, the TransCore Link Logistics Canadian Freight Index calculated that “as a daily average, loads for February were 4% higher than in January.”

TransCore determined that when compared with February 2013, February 2014 demonstrated a 60 percent increase, which is the highest year-over-year increase for the month. The previous record was a 55 percent increase between February 2009 and February 2010.

Other notable figures in in the February data reveal that cross-border postings accounted for 71% of total load volumes, that cross-border loads originating in Canada were up 83% year-over-year, and that US-originated cross-border loads were up 59%.

Domestically, intra-Canada load volumes accounted for 24% of total February volumes, and were 40 percent higher than those of February 2013.

One area that showed a decline was in equipment postings, which hit their lowest level in the past 34 months.

Posted trucks decreased 9% month-over-month and dropped by 17% year-over-year. The equipment-to-load ration was also down, dropping from 1.36 in January to 1.31 in February, although TransCore Link Logistics says “this number demonstrated a 93% improvement from last year’s drop in February.

Additionally, “the truck–to-load ratio is the lowest on record since TransCore Link Logistics started recording data. This trend indicates continued tightening of available capacity.”

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Canadian Shipper has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields