TORONTO, Ont.–TransCore Link Logistics volumes for Canadian and cross-border loads ended strong in the second quarter of 2016, and then underwent a routine mid-year summer low, TransCore said in a release.
The components of the Freight Index are comprised from roughly 5,500 of Canada’s trucking companies and freight brokers; this data includes all domestic, cross-border and interstate data submitted by Loadlink customers.
Compared to last month, volumes dropped a fair amount by 20 percent month-over-month, falling to their lowest levels year-to-date. Despite this decline from June to July, year-over-year volumes were flat compared to July 2015, said TransCore.
Intra-Canada load volumes represented 30 percent of the total volumes and improved five percent compared to July 2015. Cross-border loads averaged 65 percent of the total data submitted by Loadlink’s Canadian-based customers. Loads leaving Canada were higher by three percent, and loads coming into Canada were slightly lower by two percent year-over-year.
Equipment capacity decreased for the first time in six months, lower by four percent month-over-month and down two percent year-over-year. The equipment-to-load ratio increased to 3.62 trucks for every load available, up from 3.01 in June. Year-over-year, this ratio decreased three percent from 3.71 in July 2015.