TORONTO, Ont.-- The TransCore Link Logistics Canadian Freight Index showed improvement in October with month-over-month load volumes increasing by seven percent compared to September. Year-over-year load volumes also surpassed the previous year’s by eight percent, said a TransCore release.
Cross-border load volumes averaged 68 percent of the month’s total. Cross-border loads originating in Canada destined to the United States saw a 15 percent increase from the same period last year. Cross-border loads originating in the United States destined for provinces within Canada were up marginally by one percent year-over-year compared to October 2012.
Intra-Canada load volumes represented 26 percent of the total volume for October and were up seven percent year-over-year.
Equipment postings for October increased by 10 percent from last month’s levels and were four percent above last year’s levels for the same period. The equipment-to-load ratio increased in October to 2.63 from 2.56 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.