TORONTO, Ont. — TransCore Link Logistics’ Canadian Freight Index volume rebounded by 10% percent in May from the previous month’s weak results.
May load volumes,however, were 16% percent below results from a year ago.
May’s load volumes for cross-border postings averaged 71% of total volumes. Cross-border loads destined for provinces within Canada were down 16% year-over-year compared to May 2012. Interestingly, cross-border loads originating in Canada destined to the United States revealed no change compared to the same period last year. Intra-Canada load volumes that represented 24% of the total volumes for May were down 10% year-over-year.
The equipment postings for May were virtually unchanged from April. Month-over-month levels increased slightly by two percent, and postings came in at three percent above last year’s level for the same period. The equipment-to-load ratio increased for May to 2.18 from 2.35 in the previous month.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.
Over 13 million full loads, LTL (less than truck load) shipments and trucks are posted to the Loadlink network annually. As a result of this high volume, TransCore believes its Canadian Freight Index is representative of the ups and downs in spot market freight movement and provides a historical account of the domestic and cross border spot market freight movement.