Compared to last year’s first half, TransCore Link Logistics Canadian Freight Index saw volumes swell an impressive 42 percent year-over-year, shattering any combined semi-annual volumes since TransCore Link Logistics started recording data. June also marks the sixth consecutive month of record-setting volumes.
Month-over-month load volumes were flat from May to June. While second quarter volumes decreased four percent from the first quarter, volumes jumped 38 percent compared to second quarter results from 2013. The high point, year-to-date, was set in March.
TransCore’s Canadian Freight Index accurately measures trends from roughly 5,000 of Canada’s trucking companies and freight brokers. Real-time and historical data on total truck and load volumes, as well as ratios in specific areas can be accessed from TransCore’s Posting Index.
Cross-border postings accounted for 72 percent of total load volumes.
• Cross-border loads originating in Canada destined to the United States increased 67 percent year-over-year.
• Cross-border loads originating in the United States destined for provinces within Canada increased 30 percent year-over-year.
Intra-Canada load volumes represented 23 percent of the total volumes for May and soared 56 percent year-over-year.
Equipment postings showed a slight decrease to one percent month-over-month. Compared to 2013, truck levels continue to remain low for 2014. June’s postings dropped 12 percent year-year-over year. The equipment-to-load ratio decreased to 1.47 from 1.49 the previous month – demonstrating a 61 percent improvement year-over-year.
Top equipment postings for June were dry vans at 52 percent, reefers at 23 percent and flatbeds at 18 percent.
Information within the freight index includes all domestic, cross-border and interstate data submitted by Loadlink’s Canadian-based customers.